Vimeo Layoffs
July 2022
Vimeo announced a layoff affecting 0 employees (6% of its workforce) in July 2022. The company operates in the Consumer sector.
0
6%
Jul 18, 2022
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Vimeo, the online video and software company, is laying off approximately 6% of its workforce, impacting around 72 employees based on its reported total of just over 1,200 workers as of December 2021. The company confirmed the cuts on July 18, 2022, citing the need to navigate challenging economic conditions and potential recession fears. CEO Anjali Sud stated the move was a difficult but responsible action to ensure the company emerges stronger from the downturn. This places Vimeo among numerous tech firms initiating layoffs, as it continues its strategic shift from a consumer video platform to a B2B software-as-a-service provider targeting corporate clients.
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