Vimeo, the video-hosting platform, is laying off some of its global employees a report From Business Insider. This step comes shortly after company acquisition by Italian tech group Bending Spoons, which bought it last year for $1.38 billion in an all-cash deal.
Bending Spoons confirmed the layoffs to BI, but did not say how many people would lose their jobs. The Verge reports He said the cuts would affect a “large portion” of the company’s total workforce. a linkedin post From Vimeo’s former VP of Global Brand and Creative, who said he, “along with a large portion of the company,” was “impacted by the layoffs.”
TechCrunch reached out to Vimeo and Bending Spoons for more details.
Vimeo, which was founded in 2004, has struggled to find its footing in a field dominated by YouTube. In recent years, the company has leaned heavily on AI. In 2023, it announced There are plans to launch AI-powered script-writing and video editing tools. Last October, the company added a suite of additional AI-powered creator tools Filmmakers’ “content is designed to connect directly to AI workflows.”
In recent years, Bending Spoons has acquired several other well-known technology platforms, including Get, EvernoteAnd WeTransfer.
