Vimeo Hits Staff with Multiple Rounds of Layoffs

Video hosting giant Vimeo added its name to the tech layoff dogpile in mid-July with its CEO Anjali Sud announcing the company had moved to cut 6% of its total workforce. In a blog post, Sud cited “challenging economic conditions,” that were expected for the foreseeable future as the main reason for the layoffs. The cuts came after months of slowed hiring at the company.

“While we’ve intentionally taken action across other expense areas first, it’s become clear that we also have to look at our largest area of investment, our team,” Sud wrote.

A Vimeo spokesperson reached out to Gizmodo after publication and argued the company’s name shouldn’t be included in this list, in part, because the company laid off less total employees than other larger tech firms. The spokesperson said the company is still currently hiring for roles and claimed the layoffs were intended to help the company become more “strategically sound.”

As it turns out, the July layoffs were just the beginning. In early January, 2023, Vimeo moved forward with yet another round of layoffs, this time impacting 11% of its staff. “Further deterioration in economic conditions,” and a better understanding of post-pandemic era consumer demand were cited as the primary reason for the new wave of cuts.

“We are entering 2023 with a more focused strategy to simplify Vimeo, and ultimately, our team size and composition needs to reflect that focus,” Sud said. “This reduction enables us to achieve our growth and profitability goals in a way that is far less dependent on the broader market, putting us in full control of our destiny.”