Vimeo is laying off staff globally after its $1.38 billion sale to Bending Spoons
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- Vimeo is laying off staffers globally in a new round of cuts.
- The job cuts arrived a few months after tech holding company Bending Spoons bought Vimeo.
- It's Vimeo's second round of layoffs since September.
Video platform Vimeo is trimming its global staff this week, its owner, Bending Spoons, confirmed to Business Insider.
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.
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.
Bending Spoons has a history of making job cuts after buying up companies. The firm laid off 75% of WeTransfer staff after purchasing the document-transfer platform, for example.
"I wish I could say it was a surprise," one Vimeo staffer who was affected by the latest rounds of layoffs said of the recent cuts.
Since its founding in 2004, Vimeo has fought to position itself as a premium video hosting platform and an alternative to YouTube. In recent years, the company has leaned into software offerings beyond hosting, such as webinars and other events. Vimeo was previously owned by media holding company IAC, which spun it off as a public company in May 2021.
Vimeo is not the only tech company to trim staff this year. Others, including Meta and TikTok, have let workers go as they've sought to restructure or trim down certain business lines. Some are also freezing hiring in 2026 as they await a clearer economic picture or pursue cost efficiencies with tools like AI.
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