![]() AP Photo/Mark Lennihan Vimeo is laying off 11 of its workforce, a company. Vimeo CEO Anjali Sud has talked at length about this strategy shift, telling The Verge last year that the goal is to be a software company for businesses of all sizes. Creators / Tech Vimeo is laying off 11 percent of its workforce in another round of job cuts / In an email sent to Vimeo workers and posted online, CEO Anjali Sud said ‘ongoing cost. ![]() The company's main business is software as a service that makes it easier for the average person to create and distribute video content it's recently been shifting to big corporate clients like Gap, Nike, and Expedia and away from its role as a YouTube alternative. Jan 4, 2023, 6:34 AM PST Anjali Sud, CEO of Vimeo, emailed employees on Wednesday announcing further job cuts. Vimeo went public on the New York Stock Exchange in May 2021. Vimeo is one of many tech companies to conduct a series of downsizing efforts amid fears that the US is facing a recession. In July, the media company slashed 6% of its workforce, but Sud said in her Wednesday email to staff that the company has seen further deterioration since. "We believe in the fundamental strength of our business and our strategy, and that we have the resources and team to continue innovating to bring the power of video to every business in the world." "With this reduction, we are well-positioned to both invest in our growth priorities and be sustainably profitable, with a strong balance sheet and a leading market position in enterprise video," the spokesperson said. CEO Anjali Sud told The Verge that, under her leadership, its become 'more like a Slack or a Dropbox model, but for video.' CEO Anjali Sud told The Verge that, under her leadership, its become 'more like a Slack or a Dropbox model, but for video.' HOME. Nilay Patel / The Verge:Q&A: Vimeo CEO Anjali Sud on how the company is helping large and small companies use video, its growing OTT business of making TV apps for creators, and moreToday on Decoder Im talking to Anjali Sud, the CEO of Vimeo. Male: 80 Female: 68 The Operations department at Vimeo rate the CEO the highest, while Marketing department rates the CEO lowest. ![]() Male employees at Vimeo rate the CEO the highest. It often indicates a user profile.Ī Vimeo spokesperson told Insider the layoffs will help the company address economic concerns. Anjali Sud the CEO of Vimeo received an average score of 79 from Vimeo employees. Account icon An icon in the shape of a person's head and shoulders. ![]()
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