Breaking News: Bending Spoons Acquires WeTransfer and Announces Layoffs
In a shocking turn of events, Italy-based app company Bending Spoons, the owner of Evernote and Meetup, has acquired file transfer service WeTransfer and is planning to lay off 75% of its staff. This acquisition comes after Bending Spoons acquired the Dutch company in July for an undisclosed amount.
Bending Spoons CEO Luca Ferrari stated that the company's vision for WeTransfer is to have a smaller and more focused team that will better serve the long-term success of the app. This move is in line with Bending Spoons' previous actions, as they have a history of cutting staff counts in companies they acquire to ensure profitability.
Since the acquisition, WeTransfer has introduced a new feature allowing users to extend the expiry date of links on the app. However, the long-term product roadmap for WeTransfer remains undisclosed.
In February, Bending Spoons secured $155 million in equity financing from investors, signaling confidence in the company's future growth. This news comes amidst a series of layoffs at companies acquired by Bending Spoons, including Evernote and Filmic.
In conclusion, this acquisition and subsequent layoffs at WeTransfer highlight the ever-evolving landscape of tech companies and the importance of strategic decision-making in the business world. Investors should take note of these developments as they may impact the financial performance of Bending Spoons and its affiliated companies in the future.