Months after acquiring Evernote, Milan-based app developer Bending Spoons has made steep cuts at the note-taking and task management app. Layoffs took place at Evernote on Friday, February 17, an Evernote spokesperson confirmed to TechCrunch, affecting 129 people.
“This was a difficult yet necessary decision as we pursue our ambitious plans for Evernote,” a spokesperson told TechCrunch via email. “The company has been unprofitable for years and the situation was unsustainable in the long term.”
The spokesperson wouldn’t confirm which specific departments were impacted. But posts on LinkedIn and Blind suggest the layoffs touched a wide range of core Evernote teams, including the product design, engineering, HR, sales, customer service and marketing departments.
Evernote has indeed had its ups and downs over the past few decades, with mass layoffs in 2015 and 2018 a year that also saw an exodus of top execs including Evernote’s chief technical officer, chief financial officer, chief product officer, and head of HR. But the company appeared to have turned things around more or less, reporting $100 million in annual recurring revenue (ARR) within the last five years.