Observe-taking firm Evernote has laid off most of its US- and- Chile-based workers, the company announced yesterday. Now Italian dad or mum firm Bending Spoons is taking most of Evernote’s operations to Europe.
The corporate says the step is meant to “increase operational effectivity and to benefit from the Bending Spoons employer model, which is extraordinarily robust in Europe.”
Bending Spoons acquired Evernote in November final 12 months, and on the time, Evernote CEO was quoted as saying the deal would assist the corporate work on constructing new options, utilizing Bending Spoons’ “confirmed app experience and wide selection of proprietary applied sciences.” The corporate beforehand laid off 129 employees in February, with a Bending Spoons consultant telling Tech Crunch on the time that the corporate’s unprofitable nature was “unsustainable in the long run.”
Evernote stated in its announcement yesterday that its workers have been instructed on July fifth that the layoffs would occur, and has supplied the staff 16 weeks of severance, a efficiency bonus, and as much as a 12 months’s value of medical insurance protection.
Evernote grew to become one of many first well-liked note-taking apps when it launched in 2008, however has struggled for the reason that mid-2010s as different, comparable apps started to steal a few of its thunder and the corporate has discovered itself slowed down in messes of its personal making. After weathering complaints about it’s app’s bugginess and dropping a number of executives, Evernote one way or the other made it out of its “demise spiral” of 2016, a 12 months through which it raised costs and was compelled to renege on a controversial privateness coverage that beforehand gave no choice to decide out of workers taking a look at customers’ content material.
We’ve reached out to each Evernote and Bending Spoons for remark.