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Necessary cookies are absolutely essential for the website to function properly. Read more about how we created an impactful summer programme in 2020, despite the challenges of the COVID-19 pandemic. Our Associates are exposed to live deal situations, investment strategies and new projects early on which is also a consistent feature for all other Actis employees. Their prior level of success and expertise is something we build upon by supporting their development in a consistent and structured way. The successful candidates are invited to participate in a 10-week Summer Internship with the intention of securing a full-time Associate position for the following year. Through a structured selection approach, we target those with prior experience with other investment funds, financial institutions and global firms who may be pursuing an MBA or similar. In turn, this reduces our reliance on lateral hires and the variability inherent in that method of recruitment. Our Associate Programme allows us to attract high-potential, diverse, junior talent. She also predicted the company's growth would slow in 2022 as Vimeo transitions to focusing on bigger companies.The primary route into the firm is through our Associate Programme which allows us to attract high-potential, diverse, junior talent. We are a B2B solution, not the indie version of YouTube," its CEO Anjali Sud wrote in a letter to shareholders earlier this year.Īs part of that strategy shift, Vimeo notified independent video creators it was sharply increasing the cost of its services, leaving some scrambling for alternatives.Īnjali acknowledged the company had some stumbles earlier in its B2B transition but that the problems were fixable through better execution in 2022. "Today we are a technology platform, not a viewing destination.
#VIMEO JOBS SOFTWARE#
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. Vimeo went public on the New York Stock Exchange in May 2021. Meanwhile, Meta slowed hiring in May and has reportedly warned some staff that cutbacks are coming. Coinbase laid off 1,100 employees or about 18% of its staff in June. Last month, Elon Musk said Tesla plans to lay off 10% of its salaried workforce. Vimeo is one of many tech companies that are downsizing their workforce amid fears that the US is on the brink of a recession. The individual told Insider that numerous employees had been notified they were being terminated via one-on-one meetings, as well as some group Zoom meetings.
The employee was told the layoffs are effective immediately and access to work systems would be cut off by the end of the day, according to an email obtained by Insider. But after assessing the challenging market conditions and uncertainty ahead, I believe this is the responsible action to take."Īn employee, who requested anonymity to speak freely, said they learned that they were being laid off through a Zoom meeting with an HR representative and their manager. "Our people are what makes Vimeo great, and losing any of them is a personal failure that I feel deeply. "We are making this decision in order to ensure we come out of this economic downturn a stronger company," she said in the post. The company employed just over 1,200 workers as of December 2021, according to its annual regulatory filing. Vimeo CEO Anijali Sud said the layoffs would impact 6% of the company's workforce in a blog post on Monday.
Vimeo is conducting layoffs, a company spokesperson confirmed to Insider on Monday. The company is one of several to initiate a round of layoffs amid fears the US is entering a recession.The company confirmed the job cuts to Insider on Monday.
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