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It has been a challenging period for tech workers, with many companies laying off employees in 2022 and continuing into 2023. The layoffs are not expected to stop anytime soon, according to experts. Tech workers who have been laid off typically find new jobs within three months, but this can be a difficult process for immigrant workers on visas. Several major tech companies, including PayPal, Spotify, Google, Microsoft, Twitter, and Amazon, have announced significant layoffs in 2023.
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Vimeo
In an email to staff on Jan. 4 CEO Anjali Sud said 11 percent of workers would be laid off due to “uncertain economic environment.”
“This was a very hard decision that impacts each of us deeply,” Sud wrote. “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. It positions us to both invest in our growth priorities and be sustainably profitable while continuing to innovate to bring the power of video to every business in the world.” Sud made more than $18 million in 2022, according to salary.com.
This is an ongoing story. More information will be shared as it becomes available.
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