Note-taking company Evernote has laid off most of its employees in the United States, Chile, and The company announced yesterday. And now its Italian parent company, Bending Spoons, is moving most of Evernote’s operations to Europe.
The company says the aim of the move is to “enhance operational efficiencies and make the most of Bending Spoons’ employer brand, which is very strong in Europe.”
Bending Spoons acquired Evernote in November last year, and at the time, Evernote’s CEO was quoted as saying the deal would help the company build new features, using “proven application expertise and a wide range of proprietary technologies.” The company previously laid off 129 workers in February, a Bending Spoons representative said technology crisis At the time the unprofitable nature of the company was “unsustainable in the long run”.
Evernote said in its announcement yesterday that its employees were told on July 5th that layoffs would occur, and it offered employees 16 weeks of severance, a performance bonus, and up to a year’s worth of health insurance coverage.
Evernote became one of the first popular note-taking apps when it launched in 2008, but it has struggled since the mid-2010s as other similar apps started stealing some of their thunder and the company found itself mired in the mess of its own preparation. after weathering Complaints about the ambiguity of the application And with the loss of several executives, Evernote somehow managed to get out of the “death spiral” of 2016, the year it raised prices and had to backtrack on a controversial privacy policy that previously gave no option to opt-out of employees viewing users’ content.
We’ve reached out to both Evernote and Bending Spoons for comment.
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