Vimeo Lays Off Large Portion of Staff After $1.38 Billion Acquisition

In a move that has left many former employees reeling, Vimeo is reportedly laying off a large portion of its staff globally just months after being acquired by Italian software company Bending Spoons for $1.38 billion. The news was revealed by former brand VP Dave Brown on LinkedIn, who stated that “a large portion of the company” was affected. The extent of the layoffs is unclear, with some former employees taking to social media to share their own accounts of being let go. A video engineer described having been laid off along with his entire team, while a software engineer reported being let go along with “a gigantic amount of the company.” The decision has sparked concerns among current and former employees about the future of the platform under new ownership. The acquisition by Bending Spoons marks a significant shift in Vimeo’s management and operations, with many wondering what this change will mean for its users and content creators. As the company continues to navigate this transition, it remains to be seen how the layoffs will impact its ability to deliver high-quality services to its customers.