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In July 2022, Vimeo laid off 6% of its employees and since then Vimeo has seen “further deterioration in economic conditions, in the form of prolonged geopolitical conflict, rising interest rates and global recession fears,” Sud wrote in the memo.
Source: https://variety.com/2023/digital/news/vimeo-layoffs-ceo-uncertain-economic-environment-1235479117/
In July 2022, Vimeo laid off 6% of its employees and since then Vimeo has seen “further deterioration in economic conditions, in the form of prolonged geopolitical conflict, rising interest rates and global recession fears,” Sud wrote in the memo.
Source: https://variety.com/2023/digital/news/vimeo-layoffs-ceo-uncertain-economic-environment-1235479117/
In terms of NRR, we think of it as a holy grail of customers being happy, expanding their use of Vimeo.
I suspect Vimeo might grow Vimeo Enterprise revenue by more than 20% per year, and I also believe that Self-Serve might start to grow again by the end of this year.
I suspect Vimeo might grow Vimeo Enterprise revenue by more than 20% per year, and I also believe that Self-Serve might start to grow again by the end of this year.
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Vimeo did not immediately respond to requests for comment.
Vimeo laid off 11% of its force on top of a previous riff last summer.
Vimeo users may challenge our decision and we may conduct a secondary review.”
Wells Fargo & Company lowered their price objective on shares of Vimeo from $10.00 to $7.25 and set an “overweight” rating on the stock in a research report on Thursday, January 19th.
What was more notable was that in 2023, Vimeo improved its margins drastically in Q3 by reducing costs.