secretstalks
Italian app developer Bending Spoons has announced plans to reduce WeTransfer’s workforce by 75%, as revealed by CEO Luca Ferrari in an email to Reuters on Sunday. Ferrari did not provide further specifics about the layoffs, noting that details are still being finalized.
This decision follows Bending Spoons’ acquisition of WeTransfer in July, marking its fifth acquisition of the year. The Italian company’s valuation surged to $2.55 billion in February following a $155 million capital increase.
WeTransfer, which was founded in the Netherlands in 2009, had aimed for an initial public offering in Amsterdam in 2022 with a potential valuation of up to 716 million euros. However, the IPO was postponed due to market instability, as reported at the time.
Earlier reports from TechCrunch and Dutch media had hinted at the impending job cuts at WeTransfer.
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