#Vimeo ceo anjali sud software
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.
#Vimeo ceo anjali sud series
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. 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." That’s why we spent the last 16 years helping over 200 million users with tools that make professional-quality video easy and accessible. At Vimeo, we believe that video is the most powerful medium we have for human expression at scale.
In an email to staff, Vimeo CEO Anjali Sud said the layoffs would impact 11% of the company's workforce. Our CEO Anjali Sud shares whats coming next. 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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