Vimeo Slashes Staff by 11% in 2nd Wave of Layoffs in 6 Months
Vimeo has chopped down its workforce by 11 percent in a new sweep of layoffs, the video hosting platform said Wednesday in a company blog post.
"Today we made the decision to reduce the size of our team by 11%. Everyone whose job is impacted has received an email and an invite for a meeting with their team leader and HR," read the letter from Vimeo CEO Anjali Sud, who thanked the impacted employees for their contributions. "This was a very hard decision that impacts each of us deeply. It is also the right thing to do to enable Vimeo to be a more focused and successful company, operating with the necessary discipline in an uncertain economic environment."
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