Vimeo Faces Second Round of Layoffs Under New Ownership

Video hosting platform Vimeo is trimming its global workforce this week in a fresh round of layoffs. The job cuts arrive just a few months after European tech holding company Bending Spoons acquired the platform for approximately $1.38 billion in November.

This marks Vimeo's second round of layoffs since September, signaling a significant shift in strategy under its new ownership. The Milan-based parent company confirmed the job reductions to Business Insider, though a spokesperson declined to specify the scale of this week's cuts.

The layoffs follow Bending Spoons' strategic purchase of Vimeo, which closed in November. The European firm has aggressively expanded through mergers and acquisitions, recently announcing plans to buy AOL for $1.5 billion in October. To support these ambitious moves, Bending Spoons raised $4 billion in debt financing during 2025.

Bending Spoons owns a diverse portfolio of software companies, including:

• Evernote - the note-taking application
• Meetup - the social networking platform
• WeTransfer - the document-transfer service

The company's acquisition strategy often includes post-purchase restructuring. Following its purchase of WeTransfer, Bending Spoons laid off 75% of the platform's staff, establishing a pattern of significant workforce adjustments after acquisitions.

The recent job cuts have affected staff across Vimeo's global operations. One affected employee, speaking anonymously about the latest round, expressed a sense of inevitability: "I wish I could say it was a surprise," the staffer said of the recent cuts.

Vimeo's history of workforce reductions began in September, when the company cut 10% of its full-time workforce. At the time, the company described the move as an "effort to ensure focus and efficiency" in an SEC filing.

Since its founding in 2004, Vimeo has positioned itself as a premium video hosting platform and an alternative to YouTube. In recent years, the company has expanded beyond basic hosting to offer software services including webinars and event management tools.

Vimeo was previously owned by media holding company IAC, which spun it off as a public company in May 2021 before its eventual sale to Bending Spoons.

Vimeo's restructuring is not occurring in isolation. The technology sector has seen widespread job cuts throughout 2025 and into 2026, as companies seek to restructure or trim specific business lines.

Major tech firms that have recently reduced their workforce include:

• Meta - implementing cost-cutting measures
• TikTok - restructuring certain divisions
• Multiple companies freezing hiring in 2026

Many organizations are awaiting a clearer economic picture before making long-term staffing decisions. Others are pursuing cost efficiencies through technological tools, including artificial intelligence solutions, to maintain operations with leaner teams.

The current layoffs at Vimeo represent a pivotal moment for the video platform as it navigates its transition under new ownership. The company's focus on premium services and software offerings beyond basic video hosting will likely shape its path forward.

For Bending Spoons, this marks another chapter in its aggressive acquisition strategy. The firm's pattern of post-purchase restructuring suggests that Vimeo may see further operational changes as it integrates into the broader portfolio of software companies.

The tech industry's broader trend toward consolidation and efficiency continues, with companies like Vimeo caught in the crosscurrents of market pressures and strategic realignment. As the year progresses, the industry will watch whether Vimeo can maintain its position as a premium alternative to larger platforms while operating under its new ownership structure.