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Vimeo slashes 11% of workforce

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Vimeo is laying off 11% of its workforce, according to an email to staff from CEO Anjali Sud.

"This was a very hard decision that impacts each of us deeply," Sud wrote in the email obtained by Business Insider. "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."

The company reduced its workforce by 6% in July 2022.

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