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Bending Spoons to lay off 75% of WeTransfer staff post deal, CEO says
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Bending Spoons to lay off 75% of WeTransfer staff post deal, CEO says
Sep 8, 2024 1:10 PM

Sept 8 (Reuters) - Italian app developer Bending Spoons

will lay off 75% of file-sharing platform WeTransfer staff, CEO

Luca Ferrari said in a statement on Sunday.

Ferrari said "I won't be more specific at this stage because

the layoff hasn't been fully defined yet," in an emailed

statement to Reuters.

The Italy-based app company made its fifth acquisition this

year when it bought WeTransfer in July. Bending Spoons in

February raised $155 million through a capital increase, taking

the company's valuation to $2.55 billion.

The owner of WeTransfer, which was founded in 2009 in the

Netherlands, sought an initial public offering in Amsterdam with

a targeted valuation of up to 716 million euros in 2022, but the

plan was scrapped due to market volatility, it said at the time.

TechCrunch and Dutch media earlier reported about the job

cuts at the company.

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