![]() ![]() ![]() 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. Vimeo went public on the New York Stock Exchange in May 2021. Anjali has been included in Fortune's 40. Before that she held various positions in e-commerce, finance and media at Amazon and Time Warner. She previously served as General Manager and Head of Marketing, where she oversaw the growth of over 260 million users to the platform. Vimeo is one of many tech companies to conduct a series of downsizing efforts amid fears that the US is facing a recession. Anjali has been CEO of Vimeo since July 2017. 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." This was an incredibly hard decision, one that impacts peoples’ livelihoods and spirits in. "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. Today we announced the decision to reduce Vimeo’s team size by 11. The company employed just over 1,200 workers as of December 2021, according to its annual regulatory filing.Ī Vimeo spokesperson told Insider the layoffs will help the company address economic concerns. In the email, Sud said employees would be notified via individual emails and an invitation to meet with their team leader and a member of human resources. "This was a very hard decision that impacts each of us deeply," Sud wrote in an email addressed to "Vimeans." "It is also the right thing to do to enable Vimeo to be a more focused and successful company, operating with the necessary discipline in an uncertain economic environment." In an email to staff, Vimeo CEO Anjali Sud said the layoffs would impact 11% of the company's workforce. 'It has been a 16-year labor of love, rooted in our belief in the power of video,' wrote Vimeo CEO Anjali Sud. Vimeo has launched another round of layoffs, a company spokesperson confirmed to Insider on Wednesday. The company slashed 6% of its staff in July, citing similar concerns. Vimeo CEO Anjali Sud told staff in an email that the workforce reduction is an attempt to address deteriorating economic conditions. Vimeo is laying off 11% of its workforce, a company spokesperson confirmed. Anjali Sud, CEO of Vimeo, emailed employees on Wednesday announcing further job cuts.
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