Vimeo is laying off staff globally after its $1.38 billion sale to Bending Spoons

Company Overview - Vimeo is undergoing staff reductions, confirmed by its owner Bending Spoons, following its acquisition for approximately $1.38 billion in November [1] - This marks Vimeo's second round of layoffs since September, when it cut 10% of its full-time workforce to enhance focus and efficiency [2] Parent Company Activities - Bending Spoons, based in Milan, owns several software companies and has actively pursued mergers and acquisitions, including the recent purchase of Vimeo and an announced acquisition of AOL for $1.5 billion [3] - The company raised $4 billion in debt financing in 2025 to support its AOL acquisition and future M&A activities [3] Historical Context - Bending Spoons has a track record of significant job cuts post-acquisition, exemplified by a 75% reduction in WeTransfer's staff after its purchase [4] - Vimeo has been positioning itself as a premium video hosting platform since its founding in 2004, aiming to be an alternative to YouTube, and has expanded its offerings to include software solutions beyond video hosting [5] Industry Trends - Vimeo is not alone in its workforce reductions; other tech companies like Meta and TikTok have also laid off employees as part of restructuring efforts or to achieve cost efficiencies [6]