Evernote Layoffs: Note-Taking Platform Lays Off Most Employees From Chile and US Offices, Operations Moved to Europe
Note-taking platform Evernote has laid off most of its employees and going forward, a team based in Europe will continue to assume ownership of the Evernote product.
San Francisco, July 10: Note-taking platform Evernote has laid off most of its employees and going forward, a team based in Europe will continue to assume ownership of the Evernote product. Italian parent company Bending Spoons is taking most of Evernote’s operations to Europe. Bending Spoons acquired Evernote in November last year. Threads Launched: Online Search for Instagram Threads Up Over 3,233%, 'Twitter Killer' Search Up 250%.
Evernote said the move is intended to “boost operational efficiency and to make the most of the Bending Spoons employer brand, which is extremely strong in Europe.” Most of the company’s Chile and US-based employees have been laid off.
“We’re committed to supporting those impacted with a substantial separation package. In most cases, this package includes 16 weeks of salary, up to one year of health insurance coverage, and a performance bonus, paid pro-rata as if the year-end performance targets have already been achieved,” its CEO Francesco Patarnello said in a statement.
The company said it is also offering additional support to those in need, such as impacted individuals who are on a visa. The company previously laid off 129 workers in February this year.
Evernote became one of the first popular note-taking apps when it was launched in 2008. Amdocs Layoffs: US-Based Software and Services Provider Lays Off 2,000 Employees in Another Round Of Job Cuts.
The company said that a dedicated and growing team based in Europe "will be in an ideal position to leverage the extensive expertise and strength of the 400-plus workforce at Bending Spoons, many of whom have been working on Evernote full-time since the acquisition”.
(The above story first appeared on LatestLY on Jul 10, 2023 09:40 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).