Vimeo is laying off 11 percent of its workforce in another round of job cuts

Vimeo is doing another round of layoffs, this time affecting 11 percent of the company, CEO Anjali Sud announced in a letter posted online.

Citing “a further deterioration in economic conditions,” Sud told Vimeo staff that nearly every department and region of the company will see cuts. The majority of layoffs will occur in large departments like sales and research and development.

“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 wrote. “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.”

This round of job cuts...

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