ConsumerUS

Vimeo Layoffs

January 2023

Vimeo announced a layoff affecting 0 employees (11% of its workforce) in January 2023. The company operates in the Consumer sector.

People Affected

Percentage

11%

Announced Date

Jan 4, 2023

About

Vimeo, the video hosting and sharing platform, laid off 11% of its workforce in early 2023 as part of a broader restructuring effort. This follows a previous 6% reduction in July 2022. The decision, driven by a need to achieve sustainable profitability amid a deteriorating economic environment with rising interest rates and recession fears, aims to refocus the company on its core priorities: re-accelerating self-serve growth and doubling down on Vimeo Enterprise. The layoffs affected nearly every region and department, with the majority of impacted roles in Sales and R&D, as the company streamlines to operate more efficiently and control its destiny independent of broader market conditions.