Vimeo just got hit by another round of layoffs, and it sounds like it was a big one.
Business Insider reported earlier [last] week that the video hosting site had cut jobs across its global workforce.
“Yesterday, following Vimeo’s recent acquisition by a private equity firm, I learned that I, along with a large portion of the company, was impacted by layoffs,” wrote the company’s former vice president of Global Brand & Creative, Dave Brown, in a post on LinkedIn.
A software engineer said in their own LinkedIn post that they were laid off along with a “gigantic amount of the company.” And a former Vimeo staffer also posted on X that “almost everyone at Vimeo was laid off,” including the entire video team.
The news comes just months after the Italian tech holding company Bending Spoons bought Vimeo for $1.38 billion last year. Vimeo had previously cut its workforce by 10% in September.
They don’t really “coast” on the income. They have the engineering and desire to run their investments very long term. Of course they still fire almost everyone, so if you even get a hint of them trying to acquire your company you should start looking elsewhere…