Vimeo employed somewhere north of a thousand people a year ago with 28% being in the engineering team (according to random google results - this isn't an area I have personal knowledge of). If they dropped from around 300 people to 15 that sounds like gutting - not trimming.

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6 hours ago | parent | next [-]

[deleted]

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everfrustrated 5 hours ago | parent | prev [-]

They will be hiring up but not the same people. Bending Spoons tends to replace high silicon valley wages with high Italy wages which is a considerable saving.

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johnnyanmac 3 hours ago | parent | next [-]

This is why I can't take any anti-immigration sentiments seriously in this country. An american founded company runs a business for 20 years, sells it off overseas, and the new owners kick all Americans out of the equation.

Response from America: "well that's just business, I guess". It was never about preserving American labor.

	▲	everfrustrated 2 hours ago \| parent [-]
		If the company was profitable they wouldn't have needed to sell. It was always living on borrowed time. If a US owner bought it they'd have done exactly the same thing (layoffs) albeit possibly with new jobs in a different state than country.

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kelnos 3 hours ago | parent | prev [-]

Typical bean counters, firing all the people with institutional knowledge up front, and then hoping their cheaper labor can figure things out.

Meanwhile, the users are the ones who lose out. Classic.