Category:
Investing
Category:
Investing
Category:
Investing
2026-01-23 19:45:56|
Engadget
Vimeo just got hit by a brutal round of layoffs, according to a report by Business Insider. Staffers are posting on various social media sites that the layoffs have impacted most of the company, including the entire video team. Vimeo is a video-hosting platform, so that sounds bad.
Yesterday, following Vimeos recent acquisition by a private equity firm, I learned that I, along with a large portion of the company, was impacted by layoffs, wrote the companys former vice president of Global Brand & Creative, Dave Brown. He is referring to a firm called Bending Spoons that bought Vimeo for $1.38 billion in the latter half of 2025.
We don't know why parent company Bending Spoons conducted such a massive round of layoffs, but the equity firm is known for purchasing tech companies and aggressively cutting costs via layoffs. It did the same thing to Evernote back in 2023 and WeTransfer in 2024. Engadget has reached out to Vimeo to inquire about the exact number of employees that were laid off and will update this post when we hear back.
"I can confirm that a layoff was announced at Vimeo on January 20, 2026. To respect the privacy of those departing, we cannot provide additional details at this time, a Bending Spoons spokesperson told Gizmodo in an emailed statement. "Going forward, Bending Spoons remains committed to growing Vimeo to meet the needs of its diverse user base."
Reviving this account to say: Almost everyone at Vimeo was laid off yesterday, including the entire video team. If you're looking for talented engineers, there are a few on the market.Sucks to see something I built killed by private equity in a technology company skin suit. Derek Buitenhuis (@daemon404) January 21, 2026
It's good to know the company "remains committed to growing Vimeo" after firing just about everyone that works there. One former employee said on X that it "sucks to see something I built killed by private equity in a technology company skin suit."
Vimeo has been around a long time. The platform was founded a full year before YouTube and has positioned itself as being a premium alternative for hosting creative and business-adjacent videos. We have no idea what it'll look like with a minimal staff and no video team.This article originally appeared on Engadget at https://www.engadget.com/big-tech/vimeo-lays-off-most-of-its-staff-just-months-after-being-bought-by-private-equity-firm-184556023.html?src=rss
Category:
Marketing and Advertising
2026-01-23 19:40:00|
Engadget
Tesla just objectively decreased the value of the Model 3 and Model Y. On Thursday, the company said its paywalling its lane-centering feature, Autosteer, for new purchases of the two EVs in the US and Canada. This was previously a standard feature. Lane centering is now part of the Full Self-Driving Supervised (FSD) package, which costs $99 per month.Speculating on why Tesla would do this doesn't require much imagination. Remember the pay package Tesla shareholders approved for Musk in November? One of his requirements for receiving up to $1 trillion is reaching 10 million active FSD subscriptions.One of Musk's stipulations for receiving $1 trillion is reaching 10 million active FSD subscriptions. (Photo by ANGELA WEISS/AFP via Getty Images)ANGELA WEISS via Getty ImagesAs for the details, Tesla killed the Basic Autopilot feature that was standard on the Model 3 and Model Y. That package included both Autosteer and Traffic-Aware Cruise Control (TACC). Now, the latter will remain a standard feature, but Autosteer now requires that $99-per-month FSD subscription. The change applies only to new purchases, not existing owners.The move comes ahead of FSD's switch to a subscription-only service. After February 14, you'll no longer be able to buy the package for a one-time $8,000 upfront fee. If you want FSD (or just lane centering) from now on, your annual cost will be $1,188.Making matters worse, Musk warned that FSD won't remain at $99 monthly forever. "I should also mention that the $99/month for supervised FSD will rise as FSD's capabilities improve," the Tesla CEO posted on X. He didn't indicate when that might happen or what the increase would be.This article originally appeared on Engadget at https://www.engadget.com/transportation/evs/tesla-paywalls-lane-centering-on-new-model-3-and-model-y-purchases-184000707.html?src=rss
Category:
Marketing and Advertising
2026-01-23 19:06:26|
Engadget
Meta will no longer allow teens to chat with its AI chatbot characters in their present form. The company announced Friday that it will be "temporarily pausing teens access to existing AI characters globally."The pause comes months after Meta added chatbot-focused parental controls following reports that some of Meta's character chatbots had engaged in sexual conversations and other alarming interactions with teens. Reuters reported on an internal Meta policy document that said the chatbots were permitted to have "sensual" conversations with underage users, language Meta later said was "erroneous and inconsistent with our policies." The company announced in August that it was re-training its character chatbots to add "guardrails as an extra precaution" that would prevent teens from discussing self harm, disordered eating and suicide. Now, Meta says it will prevent teens from accessing any of its character chatbots regardless of their parental control settings until "the updated experience is ready." The change, which will be starting "in the coming weeks," will apply to those with teen accounts, "as well as people who claim to be adults but who we suspect are teens based on our age prediction technology." Teens will still be able to access the official Meta AI chatbot, which the company says already has "age-appropriate protections in place." Meta and other AI companies that make "companion" characters have faced increasing scrutiny over the safety risks these chatbots could pose to young people. The FTC and the Texas attorney general have both kicked off investigations into Meta and other companies in recent months. The issue of chatbots has also come up in the context of a safety lawsuit brought by New Mexico's attorney general. A trial is scheduled to start early next month; Meta's lawyers have attempted to exclude testimony related to the company's AI chatbots, Wired reported this week.This article originally appeared on Engadget at https://www.engadget.com/social-media/meta-is-temporarily-pulling-teens-access-from-its-ai-chatbot-characters-180626052.html?src=rss
Category:
Marketing and Advertising
