(Reuters) – Italian app developer Bending Spoons will lay off 75% of file-sharing platform WeTransfer workers, CEO Luca Ferrari (NYSE:) mentioned in an announcement on Sunday.
Ferrari mentioned “I won’t be more specific at this stage because the layoff hasn’t been fully defined yet,” in an emailed assertion to Reuters.
The Italy-based app firm made its fifth acquisition this yr when it purchased WeTransfer in July. Bending Spoons in February raised $155 million by means of a capital enhance, taking the corporate’s valuation to $2.55 billion.
The proprietor of WeTransfer, which was based in 2009 within the Netherlands, sought an preliminary public providing in Amsterdam with a focused valuation of as much as 716 million euros in 2022, however the plan was scrapped resulting from market volatility, it mentioned on the time.
TechCrunch and Dutch media earlier reported concerning the job cuts on the firm.
