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Vimeo Announces Global Layoffs

StartupTalky

StartupTalky · 1d ago

Vimeo Announces Global Layoffs

Vimeo, after its $1.38 billion acquisition by Bending Spoons, has announced a second round of global layoffs within six months. This post-acquisition restructuring aims to ensure operational efficiency. Bending Spoons, a European tech firm, hasn't disclosed the affected numbers or areas. The layoffs reflect a broader tech industry trend of cost-cutting, amid economic uncertainties. Previously, Vimeo reduced its workforce by 10% in September to enhance efficiency and focus.

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Related News

Bending Spoons to take video platform Vimeo private in $1.38 billion deal - The Economic Times

Economic Times

Economic Times · 4m ago

Bending Spoons to take video platform Vimeo private in $1.38 billion deal - The Economic Times

Bending Spoons will acquire Vimeo for about $1.38 billion in cash, taking the video platform private, with the deal expected to conclude in the fourth quarter. Vimeo shareholders will receive $7.85 per share, a 63% premium. Bending Spoons plans to expand Vimeo’s self-service tools, OTT streaming, and enterprise offerings. Allen & Company LLC advises Vimeo, while J.P. Morgan, Wells Fargo, and BNP advise Bending Spoons.

Sensor Tower Announces Layoffs and Executives Departure

Robots · 2y ago

Sensor Tower Announces Layoffs and Executives Departure

Sensor Tower, a prominent app analytics and market intelligence firm, recently conducted layoffs affecting about 40 employees, including key executives. The layoffs are part of a broader corporate restructuring initiative. While the specifics were not disclosed, the company aims to maintain growth and profitability. Sensor Tower provides valuable insights to its extensive client base, including major brands and enterprises, despite the recent changes. The company's data is frequently referenced by notable publications.

Collins Aerospace Announces Fresh Wave of Layoffs Across Major Facilities

StartupTalky

StartupTalky · 7m ago

Collins Aerospace Announces Fresh Wave of Layoffs Across Major Facilities

Collins Aerospace has announced layoffs affecting 131 workers across its Cedar Rapids and Decorah facilities. This move is part of an organizational restructuring aimed at better meeting customer needs. Employees were informed of the decision on June 12, with the layoffs effective from July 18. This step is reflective of broader industry constraints within the aerospace sector. While the company remains a major employer in Iowa, these changes could have significant local economic impacts.

Enterpret announces $20.8 Mn in Series A round

Entrackr

Entrackr · 1y ago

Enterpret announces $20.8 Mn in Series A round

Enterpret, an AI-enabled customer feedback intelligence platform for product development and CX teams, has raised $20.8 million in its Series A round led by Canaan Partners. As part of the funding, Rayfe Gaspar-Asaoka, partner at Canaan Partners, has joined the board. Kleiner Perkins, Peak XV Partners (a Sequoia Capital India), Wing Ventures, and Recall Capital, as well as angel investors including Lauryn Motamedi (Head of Product Growth at Notion), Elena Verna (VP of Growth and Data at Dropbox), Nan Yu (Head of Product at Linear), Andrew Berman (Director of AI at Zapier) among others have also participated. The proceeds will be used to continue scaling and to deploy no-code AI agents to help customers bridge divides between product, marketing, and sales teams, and even collect rich feedback. Founded by brothers Varun and Arnav Sharma, Enterpret builds adaptive artificial intelligence models to unify and analyze large volumes of unstructured feedback across all channels to extract key themes, sentiments, underlying issues, and topics, helping teams quickly identify patterns and improve customer satisfaction. Since May 2024, the company claims to have doubled its ARR. Its customers include Monday.com, Canva, Notion, Loom (Atlassian), The Browser Company, Hootsuite, Nextdoor, Strava, Linear, and Vimeo.

Twilio announces third major round of layoffs with 5% workforce reduction

Livemint

Livemint · 2y ago

Twilio announces third major round of layoffs with 5% workforce reduction

Twilio, a cloud communications platform, is undergoing a third round of layoffs, cutting primarily salespeople for its consumer data platform and contact center software. CEO Jeff Lawson justified the cuts as necessary for the transition to profitable growth. This follows Twilio's struggle to maintain high revenue growth and investor interest. The company has laid off over 3,000 workers since September 2022, nearly one-third of its total workforce in 2022, and may incur charges between $25 million and $35 million related to the layoffs. Twilio's shares fell by 1.1% after the announcement.

Swire Group Announces Major Hong Kong Job Cuts

StartupTalky

StartupTalky · 1m ago

Swire Group Announces Major Hong Kong Job Cuts

Swire Group is cutting about 10% of its Hong Kong staff due to China's economic slowdown. The British multinational is streamlining operations, recently laying off 40 employees in risk management, finance, and sustainability. Senior leaders, including Mark Harper, were also affected. The economic downturn and real estate issues in China pressure Swire Group, which is heavily reliant on Hong Kong and China markets. The layoffs are part of a new strategy to boost productivity.

Amid layoff saga, TCS announces hikes for employees

Livemint

Livemint · 5m ago

Amid layoff saga, TCS announces hikes for employees

Tata Consultancy Services (TCS) announced salary hikes for 80% of its employees amid layoffs and rising attrition. Effective from September 2025, the raises focus on younger employees, aiming to rebuild trust within the workforce. Although the exact quantum of the hikes is unclear, this move provides partial relief to employees concerned about job security. The announcement, made via internal email, adjusts compensation for those in grades up to C3A, covering a significant portion of their staff.

Big Tech continues to hire in India even as local majors downsize - The Economic Times

Economic Times

Economic Times · 5m ago

Big Tech continues to hire in India even as local majors downsize - The Economic Times

Big Tech companies like Meta, Amazon, and Google are expanding their workforce in India despite global layoffs, posting a 16% increase in headcount over the past year. This growth is driven by the demand for AI, cloud, and cybersecurity skills. In contrast, Indian IT firms are reducing staff due to skills mismatches. While layoffs are prevalent globally, India is less affected, with hiring focusing on specialized roles and high-end work through global capability centers.

IBM announces job cuts in marketing and communications division, says report

Livemint

Livemint · 1y ago

IBM announces job cuts in marketing and communications division, says report

IBM has reportedly announced layoffs in its marketing and communications division, according to CNBC. No specific numbers have been provided yet. This follows IBM CEO Arvind Krishna's previous statement that the company plans to halt hiring for roles that could be replaced by AI in the coming years. IBM is joining the growing list of tech companies that have announced job cuts this year, with a total of 204 companies impacting almost 50,000 employees. In 2020, IBM reduced its workforce by about 3,900 jobs.

Why 'hold forever' investors are snapping up venture capital 'zombies' | TechCrunch

TechCrunch · 1m ago

Why 'hold forever' investors are snapping up venture capital 'zombies' | TechCrunch

Italian firm Bending Spoons has rapidly grown by acquiring stagnating tech brands like Evernote, Meetup, and Vimeo, and reviving them through cost-cutting and price hikes. Unlike traditional private equity, Bending Spoons doesn't plan to sell these businesses, aligning with a "hold forever" strategy that gains prominence as AI startups make older VC-backed businesses less relevant. This approach highlights opportunities in reviving "venture zombies" for sustainable profitability and long-term growth without needing VC-scale exits.

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