Vimeo rings in the new year with another round of layoffs, affecting 11% of its workforce. In an email to staff today, CEO Anjali Sud cited an “uncertain economic environment” as the reason for the reduction.
“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… 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,” Sud wrote. She added that impacted emplo
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