Vimeo is a provider of all-in-one video software solutions. The company decided to lay off 150 employees of their company which means around 11% of their overall headcount.
Company CEO sent an email to the Vimeo team that includes “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. For those leaving us: we are so grateful for your contributions and will make every effort to support you. I will be reaching out directly to offer my assistance.
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. It positions us to both invest in our growth priorities and be sustainably profitable while continuing to innovate to bring the power of video to every business in the world.”