Brightcove

Video streaming company Brightcove is laying off 198 U.S.-based employees, representing about two-thirds of its domestic workforce of roughly 300. This follows its February acquisition by Italian app developer Bending Spoons in a $233 million deal. The layoffs, announced in a state filing, will occur between mid-March and the end of July, with 65 positions cut in Massachusetts. Brightcove, founded in 2004 and headquartered in Boston, had over 600 employees globally as of late 2023. The restructuring is part of the transition following the acquisition by the new parent company.

Brightcove laid off 70 employees representing approximately 10% of its workforce on 2023-05-03.