Italian app developer Bending Spoons is planning significant layoffs at WeTransfer, with 75% of the staff expected to be affected, according to CEO Luca Ferrari.
In a statement shared on Sunday, Ferrari mentioned that the exact details of the layoffs are still being finalized, so further specifics weren’t provided.
This news comes after Bending Spoons’s fifth acquisition this year, buying WeTransfer in July. Earlier, in February, the company raised $155 million in a funding round, pushing its valuation to $2.55 billion.
WeTransfer, which started in 2009 in the Netherlands, initially aimed for an IPO in Amsterdam in 2022, hoping for a valuation of up to 716 million euros. However, the company scrapped those plans due to market uncertainty.
TechCrunch and Dutch media reports had already surfaced about potential job cuts at WeTransfer.
