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 VimeoThis 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… Read MoreStartupTalky- Business News, Insights and Stories
