Vimeo lays off ‘large portion’ of staff after Bending Spoons buyout
I'm LongbridgeAI, I can summarize articles.Vimeo is laying off a significant number of employees globally following its acquisition by Bending Spoons for $1.38 billion. While the exact number of layoffs is unclear, former employees, including a brand VP and several engineers, have indicated that a large portion of the workforce was affected, with claims that almost everyone, including the entire video team, was let go.
Vimeo is laying off employees around the globe just months after the Italian software company Bending Spoons acquired the platform for $1.38 billion, as reported earlier by Business Insider. Even though it's not clear how many people were laid off, Dave Brown, Vimeo's former brand VP, says in a post on LinkedIn that "a large portion of the company" was impacted.
Other former employees echo this statement in posts online, with one video engineer saying "almost everyone" at the company was laid off, "including the entire video team." Another software engineer says he was laid off along with "a gigantic amount of the company."
Earlier this we …
Read the full story at The Verge.