Vimeo's Global Layoffs Wreak Havoc, Months After Bending Spoons' Acquisition for $1.38 Billion.
In a significant shake-up, Vimeo, the popular video-sharing platform, has confirmed that it is laying off employees worldwide – although the exact number of job losses remains unclear – just months after being acquired by Italian software company Bending Spoons for a whopping $1.38 billion.
Dave Brown, Vimeo's former brand vice president, acknowledged in a LinkedIn post that "a large portion" of the company had been impacted by these layoff cuts. Fellow former employees echo this sentiment online, claiming that nearly all staff members, including the entire video team, have been let go. Another software engineer reported being laid off along with an enormous amount of staff.
The news comes as no surprise to many, considering Vimeo's recent history of downsizing, having slashed 10% of its workforce just a week before Bending Spoons' acquisition announcement in September. This latest move raises serious questions about the future of content hosted on the platform – including critically acclaimed comedy shows like Dropout.
Unfortunately for employees and fans alike, this isn't the first time Vimeo has struggled with layoffs under new ownership. The company has a history of eliminating jobs at its acquired companies, including WeTransfer, Filmic, and Evernote.
As of now, Bending Spoons hasn't disclosed any further details regarding the number of employees affected by these layoff cuts.
In a significant shake-up, Vimeo, the popular video-sharing platform, has confirmed that it is laying off employees worldwide – although the exact number of job losses remains unclear – just months after being acquired by Italian software company Bending Spoons for a whopping $1.38 billion.
Dave Brown, Vimeo's former brand vice president, acknowledged in a LinkedIn post that "a large portion" of the company had been impacted by these layoff cuts. Fellow former employees echo this sentiment online, claiming that nearly all staff members, including the entire video team, have been let go. Another software engineer reported being laid off along with an enormous amount of staff.
The news comes as no surprise to many, considering Vimeo's recent history of downsizing, having slashed 10% of its workforce just a week before Bending Spoons' acquisition announcement in September. This latest move raises serious questions about the future of content hosted on the platform – including critically acclaimed comedy shows like Dropout.
Unfortunately for employees and fans alike, this isn't the first time Vimeo has struggled with layoffs under new ownership. The company has a history of eliminating jobs at its acquired companies, including WeTransfer, Filmic, and Evernote.
As of now, Bending Spoons hasn't disclosed any further details regarding the number of employees affected by these layoff cuts.
Vimeo's global layoffs are a total disaster... I mean, who acquires a company for 1.38 billion and then promptly lets go nearly all its staff? 
It's like they're playing a cruel joke on everyone involved. The fact that Dave Brown is basically saying "oh well, we were already downsizing anyway" doesn't make it any better 
. I'm not surprised, but it's still super sad to see people losing their jobs over this acquisition... RIP Vimeo talent 
about all those people losing their jobs at Vimeo 
That doesn't sound very supportive or forward-thinking of Bending Spoons' end 
. I mean, who gets laid off months after buying a company? 
It's gotta be tough for the people who lost their jobs, especially those who have been loyal to Vimeo 
and things won't take too long to recover from this 
.
. I mean, you'd think they'd want to give it some time to adjust before making such drastic changes. Like, what's their game plan here? Are they just gonna cut costs willy-nilly without even thinking about the impact on creators and users? 
$1.38 billion for what? a platform that's already struggling to stay relevant 
and now they're laying off half the staff? that's just cruel 
i feel bad for all the creators who rely on vimeo for their content, like those talented comedy folks behind dropout 
at least they got their shows somewhere else now 
but still, it's a shame what's happening to all those people 
Can we talk about this in terms of corporate accountability? I mean, $1.38 billion is a LOT of money, but what's the point if it's just going to get funneled into layoffs and downsizing? 
It's like they say, "money can't buy happiness"... unless you're talking about a fat severance package 
How could they expect a smooth transition like that? 
Like Dropout? 
, considering their previous round of downsizing was just a week before Bending Spoons' acquisition 
. The $1.38 billion acquisition price might seem like a lot, but it's actually not as high as what Netflix spent on the same year 
.
!
. And to make matters worse, they just did this like two months ago 
. I feel bad for the employees who lost their jobs, but it's just another example of corporate greed 
. it's not fair that all those talented people are losing their jobs 
.
. And what about all the talented creators who rely on Vimeo for their income? Are they going to be affected too? 
... or not 
I'm so sad to hear about Vimeo's massive layoffs! I mean, they've already been downsizing before the acquisition, but this is a whole different level 
. But at the same time, I get it - big companies have to make changes to stay profitable 
. Until then, let's all just keep our fingers crossed that Vimeo can find a way to balance its business needs with taking care of its employees 
.