Tell HN: Bending Spoons laid off almost everybody at Vimeo yesterday
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Re: Tell HN: Bending Spoons laid off almost everybody at Vimeo yesterday
#2Bending Spoons acquires Vimeo for $1.38B https://news.ycombinator.com/item?id=45197302
Re: Tell HN: Bending Spoons laid off almost everybody at Vimeo yesterday
#3> Bending Spoons has a pattern of acquiring companies, then laying off staff and cutting features. For example, Bending Spoons acquired note-taking and task management app Evernote in 2022, after which the company laid off most of its U.S. and Chile staff and moved operations to Europe in 2023. Evernote then shut down the Linux and older legacy versions of the app, and then proceeded to place heavy restrictions on the app’s free tier in 2024.
> In another example, Bending Spoons acquired WeTransfer in July 2024 and then laid off 75% of its staff a few weeks after. A couple months later, WeTransfer began limiting free users to 10 transfers per month.
Re: Tell HN: Bending Spoons laid off almost everybody at Vimeo yesterday
#4From "Vimeo to be acquired by Bending Spoons in $1.38B all-cash deal" ( https://techcrunch.com/2025/09/10/vimeo-to-be-acquired-by-be... ): > Bending Spoons has a pattern of acquiring companies, then laying off staff and cutting features. For example, Bending Spoons acquired note-taking and task management app Evernote in 2022, after which the company laid off most of its U.S. and Chile staff and moved operations to E…
Their goal might be be to acquire, dramatically cut costs, and then run the product for as long as they can at a profit before breaking it down and selling it off (or hope for a buyout by a bigger player.) But that wouldn't make sense — customers of a depreciating SaaS product surely churn after a 1-3 years, so they wouldn't make enough of a return from their existing customers to justify the investment...
Re: Tell HN: Bending Spoons laid off almost everybody at Vimeo yesterday
#5So for selfish reasons this makes me sad. I'm guessing MST3K will need to find another host, perhaps with less generous terms.
Edit: I really hope that doesn't mean RiffTrax will also have problems.
Re: Tell HN: Bending Spoons laid off almost everybody at Vimeo yesterday
#6From "Vimeo to be acquired by Bending Spoons in $1.38B all-cash deal" ( https://techcrunch.com/2025/09/10/vimeo-to-be-acquired-by-be... ): > Bending Spoons has a pattern of acquiring companies, then laying off staff and cutting features. For example, Bending Spoons acquired note-taking and task management app Evernote in 2022, after which the company laid off most of its U.S. and Chile staff and moved operations to E…
I don't understand this model. Such significant layoffs would indicate that there is no real appetite for expansion or growth. Their goal might be be to acquire, dramatically cut costs, and then run the product for as long as they can at a profit before breaking it down and selling it off (or hope for a buyout by a bigger player.) But that wouldn't make sense — customers of a depreciating SaaS product surely churn af…
Re: Tell HN: Bending Spoons laid off almost everybody at Vimeo yesterday
#7Re: Tell HN: Bending Spoons laid off almost everybody at Vimeo yesterday
#8I just recently found that Vimeo is hosting MST3K, with free playback of the original episodes (Joel and Mike). So for selfish reasons this makes me sad. I'm guessing MST3K will need to find another host, perhaps with less generous terms. Edit: I really hope that doesn't mean RiffTrax will also have problems.
So I understand your selfish sadness feelings.
Re: Tell HN: Bending Spoons laid off almost everybody at Vimeo yesterday
#9From "Vimeo to be acquired by Bending Spoons in $1.38B all-cash deal" ( https://techcrunch.com/2025/09/10/vimeo-to-be-acquired-by-be... ): > Bending Spoons has a pattern of acquiring companies, then laying off staff and cutting features. For example, Bending Spoons acquired note-taking and task management app Evernote in 2022, after which the company laid off most of its U.S. and Chile staff and moved operations to E…
I don't understand this model. Such significant layoffs would indicate that there is no real appetite for expansion or growth. Their goal might be be to acquire, dramatically cut costs, and then run the product for as long as they can at a profit before breaking it down and selling it off (or hope for a buyout by a bigger player.) But that wouldn't make sense — customers of a depreciating SaaS product surely churn af…
Re: Tell HN: Bending Spoons laid off almost everybody at Vimeo yesterday
#10From "Vimeo to be acquired by Bending Spoons in $1.38B all-cash deal" ( https://techcrunch.com/2025/09/10/vimeo-to-be-acquired-by-be... ): > Bending Spoons has a pattern of acquiring companies, then laying off staff and cutting features. For example, Bending Spoons acquired note-taking and task management app Evernote in 2022, after which the company laid off most of its U.S. and Chile staff and moved operations to E…
I don't understand this model. Such significant layoffs would indicate that there is no real appetite for expansion or growth. Their goal might be be to acquire, dramatically cut costs, and then run the product for as long as they can at a profit before breaking it down and selling it off (or hope for a buyout by a bigger player.) But that wouldn't make sense — customers of a depreciating SaaS product surely churn af…
In the 80's people who did this were known as "corperate raiders". Nowadays it's just called business.