Evernote: Acquired in January 2023, in July 2023 Bending Spoons laid off all Evernote staff and transferred the operations to Bending Spoons HQ.
Mosaic Group: Acquired in January 2024, immediately laid off all 330 staff members, folded operations into Bending Spoons HQ.
WeTransfer: Acquired in July 2024, in September 2024 laid off 75% of all staff.
MeetUp: Acquired in January 2024, in February 2024 laid off a “significant” portion of the workforce
Brightcove: Acquired in November 2024, yesterday, March 19th, laid off 2/3rds of US employees
I understand (even if I don’t like/agree) some downsizing, but firing everybody is a smooth brain move. Evernote was all the shit when I went to college in Europe, and MeetUp was also very popular, and now they are barely mentioned. Maybe these companies started declining before the a acquisition, okay, but then why buy them in the first place?
from the article:
komoot knows what they’re in for
I understand (even if I don’t like/agree) some downsizing, but firing everybody is a smooth brain move. Evernote was all the shit when I went to college in Europe, and MeetUp was also very popular, and now they are barely mentioned. Maybe these companies started declining before the a acquisition, okay, but then why buy them in the first place?