Evernote Moving to Europe Following Reduction of US Staff
Evernote has made significant cuts to its workforce, with the majority of employees in the US and Chile being laid off. Bending Spoons, the app developer that acquired Evernote last year, announced that it plans to relocate most of the company’s operations to Europe. This latest round of layoffs comes after Evernote previously cut 129 positions due to the app’s lack of profitability. The exact number of employees affected by these recent layoffs has not been disclosed, but it has been observed that several software engineers who had been with Evernote for a few years lost their jobs.
“Our plans for Evernote are as ambitious as ever: A growing, dedicated team in Europe will continue to take ownership of the Evernote product,” Bending Spoons CEO Luca Ferrari told SFGate. “This team is also ideally positioned to leverage the broad expertise and strength of Bending Spoons’ workforce of more than 400, many of whom have worked at Evernote full-time since the acquisition.” Ferrari added that Bending Spoons would offer affected workers 16 weeks of pay, a prorated performance bonus and up to one year of health insurance.
It didn’t say how the company plans to make Evernote successful in a market crowded with competitors like Notion and Obsidian Ferrari. Whatever Bending Spoons has in store for Evernote, this is an undisputed entry for one of the most popular note-taking apps you can download, and the early gold of the App Store boom. Evernote’s valuation peaked at $1 billion, but a lack of focus and buggy software left the company a shell of itself in recent years.
