Vimeo

Video platform Vimeo is seeing another round of layoffs following its acquisition by Bending Spoons. The Italian buyer confirmed the dismissals to Business Insider, but did not disclose how many people were affected. Immediately after the purchase, about 10 percent of jobs had already been cut; Bending Spoons is known for radical personnel measures at companies it acquires. » More on heise.de

Vimeo has conducted widespread global layoffs months after Bending Spoons bought the platform for $1.38 billion, with former employees saying a “large portion” or “almost everyone” were impacted, including the entire video team. This is the second round of cuts since September, when 10% of staff were let go prior to the acquisition announcement. The reductions raise concerns about the future of hosted content and follow a pattern of layoffs at companies previously acquired by Bending Spoons. » More on theverge.com

Vimeo shareholders voted at an extraordinary general meeting to approve the planned merger with Bending Spoons US; the merger agreement dated September 10, 2025 received 227,373,651 yes votes. Bending Spoons will acquire Vimeo in an all-cash transaction for US$1.38 billion, or US$7.85 per share, with the takeover expected to close in the fourth quarter of 2025. The Hart-Scott-Rodino waiting period has expired; Vimeo named Kaplicer interim CFO, Truist Securities cut the stock from buy to hold, and the company plans to cut nearly 10% of jobs worldwide to improve efficiency. » More on de.investing.com