Vimeo is facing layoffs after being acquired by Bending Spoons

Vimeo, the video hosting platform, is laying off some of its employees worldwide, according to report from Business Insider. The move comes soon purchase of the company and the Italian technology group Bending Spoons, which was bought in full last year for $1.38 billion.

Bending Spoons confirmed the layoffs at BI but did not share how many people have been laid off. Seaside reports that the reduction will affect “a large portion” of all the company’s employees, to name a few LinkedIn post from Vimeo’s former VP of Global Brand and Creative, who said he, “along with a large portion of the company,” was “affected by the layoffs.”

TechCrunch reached out to Vimeo and Bending Spoons for more information.

Vimeo, which was founded in 2004, struggled to find a place dominated by YouTube. In recent years, the company has leaned heavily on AI. In 2023, that he announced plans to launch AI-powered document and video editing tools. Last October, the company added some more Tools for creating AI tools it was designed to connect filmmakers “directly to the AI ​​process.”

In recent years, Bending Spoons has acquired some well-known technology platforms, including Meeting, Evernoteand WeTransfer.