"Milan-based Bending Spoons owns a collection of software companies, including Evernote, Meetup, and WeTransfer. The company has leaned heavily into M&A to grow, closing its purchase of Vimeo in November and announcing in October that it would buy AOL for $1.5 billion. It raised $4 billion in debt financing in 2025 to support its AOL acquisition and future M&A activity."
"The job cuts arrived a few months after the European tech company bought Vimeo for around $1.38 billion in November. A spokesperson for Bending Spoons declined to confirm the scale of this week's layoffs. It's Vimeo's second round of layoffs since September, when the company cut 10% of its full-time workforce in an "effort to ensure focus and efficiency," the company wrote in an SEC filing at the time."
Vimeo is trimming staff globally under the ownership of Milan-based Bending Spoons. The layoffs follow Bending Spoons' roughly $1.38 billion acquisition of Vimeo in November. Company representatives declined to confirm the scope of the cuts. Vimeo enacted a prior reduction of 10% of its full-time workforce in September to improve focus and efficiency. Bending Spoons has pursued aggressive M&A, owning products such as Evernote, Meetup, and WeTransfer, announcing a $1.5 billion AOL deal and raising $4 billion in debt financing in 2025. Bending Spoons has previously reduced headcount after acquisitions, including at WeTransfer. Vimeo has expanded into webinars and event software beyond hosting.
Read at Business Insider
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