Bending Spoons plans to lay off 75% of WeTransfer staff after acquisition
Italy-based app company Bending Spoons, which owns Evernote and Meetup, is planning to lay off 75% of the staff of file transfer service WeTransfer,
Italy-based app company Bending Spoons, which owns Evernote and Meetup, is planning to lay off 75% of the staff of file transfer service WeTransfer, TechCrunch has learned. Bending Spoons acquired the Dutch company in July for an undisclosed amount.
The company confirmed the plans for the WeTransfer layoff to TechCrunch. The staff that is being let go will be informed after Bending Spoons goes through local regulations in different countries regarding lay offs. Dutch media reported that WeTransfer has over 350 employees.
Bending Spoons CEO Luca Ferrari said that typically, the company studies the organization that it is acquiring and determines what is the best vision of the business going forward with an aim to operate it forever.
“Once the vision is clear, we try to close the gap between the status quo and the vision as quickly and as fully as we can. Typically, doing so involves making major changes to many areas, including the organization. While we don’t enjoy making painful or unpopular decisions, we’re prepared to do so when we believe it’s the right thing to do to help the business thrive,” he said.
Ferrari also noted that in WeTransfer’s case, Bending Spoons wanted to have a small and focused team.
“In this particular case, the vision we developed is of a smaller, more sharply focused WeTransfer organization, which we believe will be better-positioned to serve WeTransfer’s success with a long-term view,” the CEO said.
Since its acquisition, WeTransfer has rolled out a new feature to let users extend the expiry date of a link on the app. However, Bending Spoons or WeTransfer hasn’t disclosed their plans about long-term product roadmap.
Article