Vimeo Lays Off Large Portion of Staff After Bending Spoons Acquisition, Leaving Future Uncertain for Content Hosted on the Platform.
In a move that has sent shockwaves through the tech industry, Vimeo has embarked on its second major round of layoffs in less than six months. The video platform, which was acquired by Italian software company Bending Spoons for $1.38 billion just last year, is said to have let go of "a large portion" of its staff globally.
According to a post on LinkedIn by former Vimeo brand VP Dave Brown, the scale of the layoffs is significant, with many employees impacted. "A large portion of the company was impacted," he wrote. This sentiment has been echoed by other former employees online, who claim that almost everyone at the company was let go, including members of the entire video team.
The news comes amidst concerns over how this mass layoff might affect the content hosted on Vimeo. In recent weeks, Israeli outlet CTech reported that Vimeo is laying off "most" of its employees in Israel, further fueling speculation about the implications for the platform's future.
Bending Spoons has a history of acquiring companies and then implementing significant layoffs as part of its restructuring efforts. This includes WeTransfer, Filmic, and Evernote, which have all been affected by Bending Spoons' acquisition strategies in the past.
With Vimeo now facing uncertainty about its staff and content offerings, one thing is clear: the tech landscape has changed dramatically since Bending Spoons acquired the platform just last year.
In a move that has sent shockwaves through the tech industry, Vimeo has embarked on its second major round of layoffs in less than six months. The video platform, which was acquired by Italian software company Bending Spoons for $1.38 billion just last year, is said to have let go of "a large portion" of its staff globally.
According to a post on LinkedIn by former Vimeo brand VP Dave Brown, the scale of the layoffs is significant, with many employees impacted. "A large portion of the company was impacted," he wrote. This sentiment has been echoed by other former employees online, who claim that almost everyone at the company was let go, including members of the entire video team.
The news comes amidst concerns over how this mass layoff might affect the content hosted on Vimeo. In recent weeks, Israeli outlet CTech reported that Vimeo is laying off "most" of its employees in Israel, further fueling speculation about the implications for the platform's future.
Bending Spoons has a history of acquiring companies and then implementing significant layoffs as part of its restructuring efforts. This includes WeTransfer, Filmic, and Evernote, which have all been affected by Bending Spoons' acquisition strategies in the past.
With Vimeo now facing uncertainty about its staff and content offerings, one thing is clear: the tech landscape has changed dramatically since Bending Spoons acquired the platform just last year.
. I mean, they were just starting to get some good momentum with creators and artists on their platform. Now, it's like the rug got pulled out from under them 
. It's not surprising, though - Bending Spoons has a history of making big changes when they acquire new companies. But still, it's sad to see all those talented people let go 
. I hope whoever takes over Vimeo can find a way to keep the platform thriving for creators and users alike 
! I mean, Vimeo was my go-to platform for sharing my vlogs and videos with friends and family, but now it's like their whole staff got chopped... how can they expect us to keep trusting them? 
i mean what even happened to all those awesome videos and projects that people were working on? it's like bending spoons sucked the soul out of the platform 
and now we're left wondering if vimeo is even worth using 
that's not a smart move bro, all the creators who host their vids on Vimeo are gonna be like "what now?" 
this is like a domino effect fam. Bending Spoons gotta figure out what they wanna do with vimeo or it's just gonna become a ghost town 
. I mean, it's not like it was a guarantee they'd keep everything intact, right? 
Still, losing a large portion of staff is just devastating for those who lost their jobs... my heart goes out to them 
.
Only time'll tell, but one thing's for sure: it's gonna be interesting to watch how this all plays out 
AND NOW WE'RE LEFT WONDERING WHAT THE FUTURE HOLDS FOR VIMEO... WILL THEY EVEN STILL BE AROUND IN A FEW YEARS? 
they're basically getting axed en masse after benderspoons (i think thats what its called 
.
. one minute you're on top of the world, next minute your company is getting gutted 
. now it's just a mess 
. Will Vimeo even survive? 
. This just goes to show how quickly things can change in tech land 
.
Vimeo's always been a bit meh to me, anyway, who needs all that extra staff when you got automation to handle the grind? 
They just get lost in the void now? Guess we'll have to see how Bending Spoons handles the content, but I'm not holding my breath 
it's all about acquiring and cutting costs 
i mean who needs to host videos when you can just cut the head off the snake? 
not that i'm saying vimeo was doing great or anything, but this acquisition thingy is not a good look for bending spoons 
anyone else gonna have to start searching for their vids elsewhere?! 
Bending Spoons has this history of doing layoffs, but still... 
What's gonna happen next?!