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Chronicles

The story behind the story

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A look at Bending Spoons' hiring process: the company, which owns Vimeo, AOL, and Evernote, received 800,000 job applications last year and made only 286 hires

Wall Street Journal Ben Cohen

Context & Ripple Effects

Bending Spoons has expanded from a portfolio including Evernote into larger consumer-internet properties: it acquired Vimeo, pursued AOL, and later bought Eventbrite. Its US listing followed a sharp improvement in the financial figures reported for the first quarter.

The hiring figures put an operating lens on that expansion. They suggest a company attracting unusually broad interest while adding people sparingly, even as Vimeo has undergone another round of global cuts and is being repositioned around streaming and competition with YouTube.

First-order effects

  • Applicants face an exceptionally selective process: 286 hires from 800,000 applications means Bending Spoons can choose from a very large candidate pool while limiting additions to its workforce.
  • For Bending Spoons and its owned brands, the approach concentrates staffing decisions at a parent company that is simultaneously integrating and operating several established internet products.

Second-order effects

  • A lean hiring posture can intensify pressure on acquired businesses to prioritize products and roles with clear operating impact, rather than maintain standalone staffing models.
  • Competing employers seeking the same applicants may benefit from candidates screened out by Bending Spoons, while Bending Spoons' brands may increasingly rely on tighter teams to execute initiatives such as Vimeo Streaming.

Third-order effects

  • If this model continues, it supports a broader shift toward consolidators that buy mature internet brands and seek to run them with centralized, highly selective talent allocation rather than expansionary headcount growth.
  • The durability of that model will depend on whether smaller teams can sustain product investment and user-facing services across a growing portfolio; Vimeo's layoffs make that trade-off especially visible.

The trend: Bending Spoons is one example of an acquisitive, public-market-backed operator pairing ownership of mature consumer-internet brands with disciplined hiring and centralized execution.

Discussion

  • @sbyrnes Sean Byrnes on x
    How is it that Bending Spoons gets so much favorable press? They are a PE firm posing as a tech company, buying well known brands and squeezing them for cashflow. Meanwhile, the WSJ covers their hiring process as if it isn't the same for all tech: https://www.wsj.com/...
  • Lynn Cook Lynn Cook on linkedin
    Getting an offer from Bending Spoons, which owns AOL, has become harder than getting into Harvard.  —  WSJ's Ben Cohen explains the interview process and the surprising predictors for success. …
  • @adamlasnik.net Adam Lasnik on bluesky
    Bending Spoons is widely known as being responsible for consistently and absolutely gutting the companies they purchase.  There are, to my knowledge, no wonderful ‘turnaround’ success stories with them.  —  Given this, I'm genuinely puzzled to understand why they'd be an in-deman…
  • @davidjproduct David Jesse on bluesky
    Perhaps they are rigorous, but most posted jobs at any company get flooded with applications — many of them from bots and fake identities.  —  What is the equivalent at top Silicon Valley firms?  What is average?  The data scientists on their “talent squad” should be able to tell…