Breaking News: Bending Spoons Announces Massacre of WeTransfer Staff, 75% of Employees to Be Axed
In a shocking move, Italy-based app company Bending Spoons, owner of Evernote and Meetup, has announced plans to brutally cut 75% of the staff at file transfer service WeTransfer. This devastating news comes just months after Bending Spoons acquired WeTransfer in July for an undisclosed amount.
The company confirmed the layoffs to TechCrunch, with CEO Luca Ferrari citing the need for a "smaller, more sharply focused" team. Ferrari’s statement is nothing short of a death knell for the hundreds of WeTransfer employees who will be losing their jobs.
This is not the first time Bending Spoons has shown its ruthless streak when it comes to acquiring new companies. In February 2023, the company cut 129 employees from Evernote’s staff, and in December 2023, it laid off the entire workforce of Filmic, a popular photo and video editing app.
WeTransfer, which has over 350 employees, has been rolling out new features since its acquisition, including a new feature to extend link expiry dates. However, Bending Spoons has not disclosed its plans for the company’s long-term product roadmap.
The layoffs are expected to be implemented after Bending Spoons completes the necessary local regulations in different countries. It’s unclear what will happen to the remaining 25% of employees, but one thing is certain – the company’s culture of brutal efficiency has left a trail of destruction in its wake.
The acquisition was funded by a $155 million equity financing round from new investor Durable Capital Partners and existing investors. It’s unclear whether the new funding will be used to compensate the hundreds of employees who will be losing their jobs.
This move is a stark reminder of the ruthless nature of corporate America, where the bottom line is always the priority, no matter the cost to human lives.
Author: Kayitsi.com
