Vimeo Announces Global Layoffs Months After $1.38 Billion Acquisition Deal
Vimeo has initiated its second round of global cutbacks in less than six months. The layoffs are done by the new owner, European technology firm Bending Spoons. These job cuts are part of the new owner's restructuring efforts following its acquisition of the video platform. Bending Spoons announced the layoffs this week, although it did not say how many workers were impacted or which areas were affected. Only a few months have passed since the Milan-based business finalised its $1.38 billion acquisition of Vimeo in November, which was one of the year's biggest technological purchases.
Layoffs a Common Scenario in Vimeo
This is Vimeo's second round of layoffs since the firm cut 10% of its full-time employees in September. In a filing with U.S. regulators at the time, Vimeo said that the changes were a part of an attempt to guarantee efficiency and focus. Workers impacted by the most recent round regarded the change as predictable rather than unexpected.
The choice, according to one employee who lost their job, was part of a larger trend that has surfaced after ownership changes. Although the timing indicates that Vimeo's integration into Bending Spoons' portfolio is still ongoing, the company has not said whether further cutbacks are anticipated. The most recent cuts highlight the mounting strain on the global technology industry. In the face of economic instability and growing operating costs, the majority of these layoffs are implemented to cut costs, streamline operations, and refocus product strategy.
Job Cuts a Trending Chapter in Global IT Syllabus
The reductions in staff at Vimeo are a part of a larger trend in the tech sector. In recent months, as they reevaluate their growth objectives, a number of large IT companies have announced internal reorganisation, hiring freezes, or layoffs. As they reorganise teams, scale back specific business lines, or increase their investments in automation and artificial intelligence, companies like Meta and TikTok have reduced their workforces.
Some companies have completely suspended hiring in 2026, citing the need to increase efficiency and the unpredictability of the world economy. At the same time, responsibilities in internal operations, content moderation, and customer service are progressively being replaced or streamlined by AI systems. Although businesses frequently claim that these actions are essential to staying competitive, they have also sparked worries about job security in the industry.
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Quick Shots |
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•Vimeo has announced its second round of
global layoffs within six months after being acquired by Bending Spoons. •The job cuts are part of post-acquisition
restructuring, though the company has not disclosed affected teams or
numbers. •The Milan-based firm Bending Spoons
acquired Vimeo for $1.38 billion in November. •Vimeo had earlier cut 10% of its workforce
in September to improve operational efficiency. |
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