Vimeo just got hit by another round of layoffs, and it sounds like it was a big one.
Business Insider reported earlier [last] week that the video hosting site had cut jobs across its global workforce.
“Yesterday, following Vimeo’s recent acquisition by a private equity firm, I learned that I, along with a large portion of the company, was impacted by layoffs,” wrote the company’s former vice president of Global Brand & Creative, Dave Brown, in a post on LinkedIn.
A software engineer said in their own LinkedIn post that they were laid off along with a “gigantic amount of the company.” And a former Vimeo staffer also posted on X that “almost everyone at Vimeo was laid off,” including the entire video team.
The news comes just months after the Italian tech holding company Bending Spoons bought Vimeo for $1.38 billion last year. Vimeo had previously cut its workforce by 10% in September.
private equity firm
If we in the West ever manage to extricate ourselves from intentionally convoluted laws that allowed these entities to come into being, I hope businesses with any vague hint of appearance resembling these perfidious demons from the ninth circle of hell are bound like wicked watchers and cast into crevices under rocks above lava.
Yesterday, following Vimeo’s recent acquisition by a private equity firm…
Well, I guess thats the end of Vimeo
Got a project at work related to uploading stuff to vimeo, perhaps I should just wait and see if they collapse and it saves me the effort?
Do you work at dropout lol
I wonder if anyone in the upper echelons of Bending Spoon has large investments in google. Probably would be hard for google to purchase and squash vimeo due to monopoly laws, but asking a friend to purchase and squash it l? Perfectly acceptable
