Evernote is relocating to Europe after shedding most of its US workforce

Evernote has axed most of its workforce. In a press release shared with SFGate, Bending Spoons, the Milan-based app developer that bought the company last November, stated Friday it had laid off practically all of Evernote’s workers within the US and Chile. Bending Spoons plans to maneuver a lot of the firm’s remaining operations to Europe. The layoffs come lower than six months after the agency cut 129 positions at Evernote as a result of the app had been “unprofitable for years.” Bending Spoons did not share precisely what number of workers had been affected by this newest spherical of layoffs. A scan of LinkedIn reveals some software program engineers that had been with Evernote for a couple of years misplaced their jobs on Friday.

“Our plans for Evernote are as formidable as ever: Going ahead, a rising, devoted staff primarily based in Europe will proceed to imagine possession of the Evernote product,” Bending Spoons CEO Luca Ferrari advised SFGate. “This staff may even be in a super place to leverage the in depth experience and energy of the 400-plus workforce at Bending Spoons, a lot of whom have been engaged on Evernote full-time for the reason that acquisition.” Ferrari added Bending Spoons would supply affected workers with 16 weeks of wage, a prorated efficiency bonus and as much as one yr of medical health insurance.

How the corporate plans to make Evernote profitable in a market crowded with rivals like Notion and Obsidian Ferrari didn’t say. No matter Bending Spoons has deliberate for Evernote, there is no denying this marks one other low level for what was as soon as one of many extra fashionable note-taking apps you would obtain and an early darling of the App Retailer growth. Evernote loved a valuation of $1 billion at its peak, however a lack of focus and buggy software program left the corporate a shell of itself lately.

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