Vimeo begins workforce reductions following bending spoons acquisition – Varindia

Vimeo has started laying off employees across its global operations, marking one of the first major changes since its acquisition by Italian technology group Bending Spoons. The job cuts were first reported by Business Insider and come less than a year after Bending Spoons acquired the video-hosting platform in an all-cash deal valued at $1.38 billion. While the exact number of affected employees has not been disclosed, Bending Spoons confirmed the layoffs, describing them as part of a broader restructuring effort. According to reporting by The Verge, the reductions are expected to impact a significant portion of Vimeo’s workforce. A former senior executive at Vimeo also indicated on LinkedIn that a “large portion of the company” had been affected by the move. TechCrunch has reached out to both Vimeo and Bending Spoons seeking additional details, but neither company has provided further clarification at the time of writing. Restructuring after Acquisition Founded in 2004, Vimeo has long positioned itself as a premium video platform focused on professional creators and businesses. However, the company has struggled to compete at scale in a market dominated by YouTube and other large video platforms. Over the years, Vimeo has repeatedly adjusted its strategy to find
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