Vimeo Faces Massive Layoffs Post-Acquisition by Bending Spoons

• Vimeo is undergoing extensive global layoffs, months after its $1.38 billion acquisition by Italian software firm Bending Spoons.
• Former employees describe the job cuts as widespread, impacting a 'large portion of the company,' including entire teams like video engineering.
• This marks Vimeo's second round of layoffs in under six months; the first occurred just before Bending Spoons announced its acquisition plans.
• The scale of the layoffs raises concerns about the future stability, support, and product development for content creators on the platform.
• Bending Spoons has a history of aggressive cost-cutting and staff reductions following acquisitions, seen previously with WeTransfer, Filmic, and Evernote.

Why It Matters: Vimeo is experiencing significant layoffs globally following its acquisition, raising concerns about its future.