![]() The company's main business is software as a service that makes it easier for the average person to create and distribute video content it's recently been shifting to big corporate clients like Gap, Nike, and Expedia and away from its role as a YouTube alternative. Previously, the policy was applied to users who were repeatedly in the top 1 of bandwidth. Vimeo went public on the New York Stock Exchange in May 2021. In a post outlining the changes, Vimeo says that its new cap for monthly bandwidth use is a flat 2TB. ![]() Sarah Jacobs/Business Insider Vimeo CEO Anjali Sud got the job at age 34. Video platform Vimeo is the latest to announce a workforce reduction in the face of an expected economic downturn, joining the likes of Tesla, Netflix, Twitter. Vimeo is one of many tech companies to conduct a series of downsizing efforts amid fears that the US is facing a recession. Apr 26, 2018, 9:41 AM PDT Vimeo CEO Anjali Sud learned that the popular decision isnt always the right one. In July, the media company slashed 6% of its workforce, but Sud said in her Wednesday email to staff that the company has seen further deterioration since. "We believe in the fundamental strength of our business and our strategy, and that we have the resources and team to continue innovating to bring the power of video to every business in the world." Nilay Patel / The Verge:Q&A: Vimeo CEO Anjali Sud on how the company is helping large and small companies use video, its growing OTT business of making TV apps for creators, and moreToday on Decoder I’m talking to Anjali Sud, the CEO of Vimeo. "With this reduction, we are well-positioned to both invest in our growth priorities and be sustainably profitable, with a strong balance sheet and a leading market position in enterprise video," the spokesperson said. It often indicates a user profile.Ī Vimeo spokesperson told Insider the layoffs will help the company address economic concerns. ![]() Account icon An icon in the shape of a person's head and shoulders. Vimeo CEO Anjali Sud discusses the enterprise video platforms spin-off from IAC/InterActiveCorp and growth strategy on 'Bloomberg Markets: European Close.' (Source: Bloomberg) More From. ![]()
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