Vimeo reduces global full-time headcount by about 11%

In a regulatory filing earlier, Vimeo disclosed that on January 4, the company announced a reduction of its global full-time headcount by approximately 11%. "The headcount reduction is part of the company’s effort to focus on its top priorities, and to put itself in position to become sustainably profitable. It is expected that the implementation of the headcount reduction will be substantially complete by the end of the first quarter of 2023. Potential position eliminations in each country are subject to local law and consultation requirements," the filing stated.