(Reuters) – Italian application programmer Bending Spoons will certainly give up 75% of file-sharing system WeTransfer team, CHIEF EXECUTIVE OFFICER Luca Ferrari claimed in a declaration on Sunday.
Ferrari claimed “I won’t be more specific at this stage because the layoff hasn’t been fully defined yet,” in an emailed declaration to Reuters.
The Italy- based application business made its 5th purchase this year when it got WeTransfer inJuly Bending Spoons in February elevated $155 million with a funding rise, taking the business’s assessment to $2.55 billion.
The proprietor of WeTransfer, which was established in 2009 in the Netherlands, looked for a going public in Amsterdam with a targeted assessment of approximately 716 million euros in 2022, however the strategy was junked because of market volatility, it claimed at the time.
TechCrunch and Dutch media previously reported concerning the work cuts at the business.
(Reporting by Devika Nair in Bengaluru, Additional coverage by Urvi Dugar; Editing by Ros Russell)
