![]() ![]() In November, the company reported its third-quarter earnings, showing a loss of about 100,000 subscribers from the previous quarter and an operating loss of $22.9 million.ĭon’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp. Meanwhile, Salesforce Inc has announced that it will lay off about 10% of its employees and close some offices as a part of a restructuring plan. Creators Vimeo is becoming a standalone company after booming during the pandemic / IAC will spin off Vimeo in 2021 By Jacob Kastrenakes, a deputy editor who oversees tech and news coverage. And she achieved her goal in style, becoming a business legend in the process. On Wednesday, e-commerce giant Amazon announced that it would lay off around 18,000 employees globally, starting January 18.Īmazon CEO Andy Jassy, in an email to staff, cited the “uncertain economy” and “rapid hiring” as reasons for the job cuts. Anjali has been CEO of Vimeo since July 2017. When Indian-origin Anjali Sud became the CEO of Vimeo, she knew that her mission was to make the video service stand out in a crowd of iconic competitors like YouTube and Netflix. Several other tech companies have announced layoffs over the last few months. Launched in 2004, Vimeo claims to have over 260 million users, including big corporations, small businesses, organisations and content creators. This reduction enables us to achieve our growth and profitability goals in a way that is far less dependent on the broader market, putting us in full control of our destiny,” she said. Her post read, 'I broke the cardinal rule and let my team film me recording a video. Anjali Sud, the chief executive of Vimeo, shared a message of thanks on social media after the company made its trading debut on the Nasdaq Tuesday. In her post, the 39-year-old informed that the first-of-its-kind AI tool will launch next month, starting July 17. Home Finance YouTube rival Vimeo just went public heres why the companys pivot to software as a service is paying off Jamie Wild, Morning Brew Vimeo CEO Anjali Sud told The Verge. This success story they attributed to Ms Suds decision. ![]() “We are entering 2023 with a more focused strategy to simplify Vimeo, and ultimately, our team size and composition needs to reflect that focus. Vimeo CEO Anjali Sud took to LinkedIn to share the capabilities of the new AI feature with her more than 2.77 million followers. According to an April 2021 report in The Verge, Vimeo had over 1.5 million paying customers generating 83.8 million in revenue in Q4 alone. ![]()
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