Bending Spoons, the Italian app developer will lay off 75 per cent of file-sharing platform WeTransfer staff, according to CEO Luca Ferrari. This is as per a Reuters report.
Luca Ferrari, CEO, reportedly said, "I won't be more specific at this stage because the layoff hasn't been fully defined yet," in an emailed statement.
WeTransfer was the Bending Spoon's fifth acquisition this year when it bought it in July.
Previously in 2022, it acquired FilMic and converted its video-recording app FilMic Pro to a subscription revenue model. The original team of FilMiC were laid off and the development of FilMiC Pro was continued in-house by Bending Spoons.
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In November 2022, Bending Spoons acquired Evernote. Evernote laid off all its existing staff and announced it would relocate to Europe to be closer to Bending Spoon's headquarters.
In 2024, it went on a spree of acquisitions. It went on to acquire Meetup, a social media platform for organising in-person and virtual activities, Hopin, owner of the popular live streaming studio StreamYard and a digital publishing platform, Issu
Bending Spoons reportedly raised $155 million in February through a capital increase, taking the company's valuation to $2.55 billion.
Billion Spoons is an Italian technology company founded in the year 2013. It is based in Milan. The company is primarily known for mobile applications.
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It was selected by the Italian government to design and develop Italy's official COVID-19 contact tracing app, Immuni.
WeTransfer was founded in 2009 in the Netherlands. It is a file transfer service that allows users to send large files over the internet. It provides an easy-to-use platform for transferring files without needing to create an account.
WeTransfer's owner reportedly sought a targeted valuation of up to 716 million Euros in 2022, but it was scrapped due to market volatility.
Tech Crunch and Dutch media earlier reported about the job cuts in the company.
