Video hosting platform Vimeo is once again reducing its workforce, as its parent company, Bending Spoons, confirmed a new round of global layoffs this week. The move comes just a few months after the European technology firm acquired Vimeo for approximately $1.38 billion, raising questions about post-acquisition restructuring and long-term strategy.
This marks the second round of layoffs at Vimeo in less than a year, signaling continued operational changes as the company adjusts to new ownership.
Vimeo Confirms Global Job Cuts
Bending Spoons, which acquired Vimeo in November, confirmed the layoffs to Business Insider but declined to disclose how many employees were affected. According to a company spokesperson, the decision is part of internal changes following the acquisition, though no further details were provided regarding specific teams or regions impacted.
The layoffs are reported to be global, suggesting that the workforce reduction is not limited to a single market.
Second Layoff Round in Under a Year
This latest development follows an earlier round of job cuts in September, when Vimeo reduced its full-time workforce by 10%. At the time, the company stated in a filing with the U.S. Securities and Exchange Commission (SEC) that the decision was made in an “effort to ensure focus and efficiency.”
The back-to-back layoffs indicate that Vimeo continues to reassess its cost structure and operational priorities amid broader shifts in the tech industry.
Acquisition by Bending Spoons
Bending Spoons, an Italy-based technology company known for acquiring and scaling digital platforms, finalized its acquisition of Vimeo in November. The deal, valued at around $1.38 billion, marked a significant transition for Vimeo as it moved away from operating as an independent public company.
Post-acquisition workforce reductions are not uncommon in the tech sector, as new owners often streamline operations to align with revised business goals.
What This Means for Vimeo’s Future
While the exact impact of the layoffs remains unclear, the repeated workforce reductions suggest that Vimeo is undergoing a strategic restructuring. The company has not announced changes to its core products or services, and there has been no indication that customer-facing operations will be affected in the short term.
Industry observers note that many tech companies continue to prioritize profitability and efficiency in response to market pressures, even as demand for video and digital content platforms remains strong.
Conclusion
Vimeo’s latest round of layoffs underscores the challenges facing tech companies navigating post-acquisition transitions. As Bending Spoons integrates Vimeo into its broader portfolio, further operational changes may follow. For now, the company has offered limited details, leaving employees and industry watchers awaiting more clarity on Vimeo’s long-term direction.
