![]() Sud knew they did not have the financial resources to compete with Netflix in terms of creating original content. The company's main business is software as a service that makes it easier for the average person to create and distribute video content it's recently been shifting to big corporate clients like Gap, Nike, and Expedia and away from its role as a YouTube alternative. To support this change of approach, Vimeo named Anjali Sud, a general manager and senior vice president who joined Vimeo in 2014, as its new CEO in July 2017. Vimeo went public on the New York Stock Exchange in May 2021. Sud, a former Amazon executive, who joined the. In conversation with veteran journalist Stephanie Mehta, Sud discusses her experience connecting remote employees worldwide, addressing burnout and adapting company practices for the needs of the next. (Reuters) - Video-hosting platform Vimeo said on Wednesday that its CEO Anjali Sud will leave the company next month to pursue other opportunities. Her solution: lead with humanity and flexibility. Vimeo is one of many tech companies to conduct a series of downsizing efforts amid fears that the US is facing a recession. In a constantly changing world, it's impossible for leaders to provide employees with the assurance they want, says Vimeo CEO Anjali Sud. In July, the media company slashed 6% of its workforce, but Sud said in her Wednesday email to staff that the company has seen further deterioration since. The average Vimeo executive compensation is 211,452 a year. "We believe in the fundamental strength of our business and our strategy, and that we have the resources and team to continue innovating to bring the power of video to every business in the world." For access to live and exclusive video from CNBC sub. "With this reduction, we are well-positioned to both invest in our growth priorities and be sustainably profitable, with a strong balance sheet and a leading market position in enterprise video," the spokesperson said. Anjali Sud, Vimeo CEO, joins Squawk Alley to discuss the companys growth and recent round of funding. It often indicates a user profile.Ī Vimeo spokesperson told Insider the layoffs will help the company address economic concerns. Account icon An icon in the shape of a person's head and shoulders.
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