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.
Bending spoons in particular is known for this, they did it with Evernote too. They buy a company, fire everyone, coast on its income as long as they can, then repeat.
That’s why Evernote went the way it did? Oh, that makes me sad. That was an incredible resource in grad school. OCR saved my ass on my PhD exams. Hand written notes, scanned at the library copier, organized and OCR. Immensely useful for a test (take home) that takes three days and covers two years of classes.
I stopped using it about 5 years ago because it just started to feel off. Little things not working or a UI change I didn’t like. Plus the pricing was restrictive in a way I couldn’t justify it anymore.