Vimeo begins layoffs after acquisition by Bending Spoons

Vimeo, the video hosting platform, has decided to lay off some of its global employees, according to the British newspaper “Daily Mail”. a report Who is interested in trading? This move comes shortly after Company acquisition by Italian technology group Bending Spoons, which bought it in an all-cash deal last year for $1.38 billion.

Bending Spoons confirmed the layoffs to BI but did not share how many people will lose their jobs. Edge Reports Citing that the cuts will affect a “significant portion” of the company’s total workforce Posted on LinkedIn From Vimeo’s former VP of global brand and creative, who stated that he “along with a significant portion of the company” had been “affected by layoffs.”

TechCrunch has reached out to Vimeo and Bending Spoons for more information.

Vimeo, founded in 2004, has struggled to find its footing in a field dominated by YouTube. In recent years, the company has moved heavily toward artificial intelligence. In 2023, Announce It plans to launch AI-powered screenwriting and video editing tools. Last October, the company added a set of additional features AI-powered creation tools Designed to connect “filmmaker content directly to AI workflow.”

In recent years, Bending Spoons has acquired a number of other well-known technology platforms, including Meeting, Evernoteand We transfer.