Bending Spoons to lay off 75% of WeTransfer post acquisition, CEO says

Just two months after acquiring the file-sharing platform WeTransfer, Italian app developer Bending Spoons will cut 75% of the WeTransfer workforce, according to a statement from CEO Luca Ferrari on Sunday.

“I won’t be more specific at this stage because the layoff hasn’t been fully defined yet,” Ferrari said in an email to Reuters.

Bending Spoons, which bought WeTransfer in July, made its fifth acquisition of the year with this purchase. Earlier this year, we covered Bending Spoons after the Italian startup raised $155 million, bringing its valuation to $2.55 billion.

WeTransfer, founded in the Netherlands in 2009, planned an IPO in Amsterdam in 2022, targeting a valuation of up to 716 million euros, but those plans were halted due to market conditions.

TechCrunch and Dutch media previously reported on the job reductions at WeTransfer.

Founded in 2013 by Luca Ferrari, Francesco Patarnello, Matteo Danieli, Luca Querella, and Tomasz Greber, Bending Spoons has gained international recognition with 500 million downloads and 100 million active users monthly. Its digital products, including Evernote, Remini, and Splice, have served over half a billion people globally. The recent changes hint at new opportunities for the Meetup community under its new management.

Over the past decade, Bending Spoons also garnered considerable attention from institutional and private investors, counting Italian bank Intesa Sanpaolo and Hollywood actor Ryan Reynolds among its supporters. The company continues to enjoy steadfast backing from existing institutional investors such as NUO Capital and StarTIP, which falls under the umbrella of Tamburi Investment Partners.

WeTransfer Founder