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Vimeo hit by layoffs after acquisition

Vimeo logo on mobile device

Once upon a time, there was an online video platform called Vimeo that internet users knew as the high-brow alternative to YouTube. If YouTube was known for its vloggers and amateur comedy skits, Vimeo was known as the place for well-produced short films by actual indie filmmakers. It had its own version of YouTube Premium, produced its own originals, and even received an Emmy nomination.

While Vimeo still technically exists, that version of Vimeo no longer does. Last September, Vimeo was acquired by the Italian tech company Bending Spoons. And now Bending Spoons has just laid off a significant number of Vimeo's employees.

Bending Spoons has confirmed the layoffs to TechCrunch but did not disclose just how many employees would lose their job. However, a former senior Vimeo engineer who left the company last month after 13 years, according to his LinkedIn, says the layoffs have nearly cleared out Vimeo entirely.

"Reviving this account to say: Almost everyone at Vimeo was laid off yesterday, including the entire video team," Derek Buitenhuis posted to his account on social media platform X. "If you're looking for talented engineers, there are a few on the market."

"Sucks to see something I built killed by private equity in a technology company skin suit," Buitenhuis continued.

Vimeo’s now-former VP of Global Brand and Creative, Dave Brown, also confirmed on LinkedIn that they were part of the layoffs and a "large portion of the company" was impacted.

Vimeo was founded in 2004, and while it never quite reached YouTube's levels of success, it carved out a respectable position as the number two video platform by focusing on artists and the art of filmmaking. However, as TechCrunch points out, in recent years, Vimeo attempted to pivot into artificial intelligence, offering new AI tools to screenwriters and video editors.

In September 2025, Vimeo announced that it was being acquired by Bending Spoons for $1.38 billion.

The name Bending Spoons may sound familiar to you. In 2024, a Bloomberg article described the company as "private equity hipsters" for the app store generation. The company has been on a buying spree over the past few years, acquiring legacy tech brands like AOL, Evernote, MeetUp, and WeTransfer. The company has also acquired other video platforms like StreamYard and Brightcover, too. By now, Bending Spoons is known in the tech industry for buying up underperforming legacy brands, firing employees, hiring cheaper labor, and raising prices, a familiar private equity playbook.

Vimeo as a service continues to exist, providing paid video hosting subscriptions for ad-free uploads. As of now, it's unclear what changes Bending Spoons has in store for the platform.



from Mashable https://ift.tt/Swu1KTb
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