In November, Vimeo reported $108.1 million in revenue during the third quarter and roughly 1.6 million paying subscribers. As a result, Vimeo - who has in recent years shifted toward a more corporate strategy and counts brands like Rite Aid, Nike, Slack and Gap as clients - does not have the support of a parent company to help weather the economic downturn. The company was first acquired by Barry Diller’s IAC in 2006 and was later spun off in 2021 to become an independent, publicly traded company in May 2021. 2021, according to a filing with the Securities and Exchange Commission. We are making this decision in order to ensure we come out of this economic downturn a stronger company. Vimeo CEO Anjali Sud joins ‘Squawk on the Street’ to discuss Vimeo’s spin-off from IAC, the fall of the company’s shares after its Nasdaq debut and the future of the company. Dear Vimeans, Today I have hard news to share: after careful consideration, we have made the decision to reduce our workforce by 6. According to a TechCrunch report, the users will have to subscribe to Vimeo’s Standard plan, which costs 20 (less than Rs 1,700) per month (billed annually), to avail the AI-powered suite. The video software company employed 1,219 full-time employees as of Dec. Today I sent the following email to all Vimeo employees. Video platform Vimeo is the latest to announce a workforce reduction in the face of an expected economic downturn, joining the likes of Tesla, Netflix, Twitter. “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.” “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. Vimeo Doesnt See Facebook and YouTube as Competitors, CEO Anjali Sud Says. According to Yahoo News, the online video. The current round of layoffs will primarily impact staff in departments like sales and research and development, which account for the majority of Vimeo’s overall workforce, according to Sud. ANJALI SUD, VIMEO CEO JOINING US For You Live TV. Anjali Sud, the chief executive of Vimeo, shared a message of thanks on social media after the company made its trading debut on the Nasdaq Tuesday. Twitch Hires First Head of Diversity and Inclusion
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