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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 its software roots into a portfolio owner of established internet brands, acquiring Vimeo and Eventbrite while pursuing AOL. Its US listing also put greater visibility on the operating model behind that expansion.

The hiring figures sit alongside reports of another round of Vimeo layoffs, suggesting that talent selection and cost discipline are central to how Bending Spoons manages acquired businesses rather than merely a recruiting curiosity.

First-order effects

  • Bending Spoons can fill a very small number of roles from an unusually large applicant pool: 286 hires from 800,000 applications last year.
  • Job seekers face an exceptionally selective process, while the company gains leverage to prioritize hires for its growing portfolio of Vimeo, AOL, Evernote, and other acquired assets.

Second-order effects

  • A lean hiring model, combined with workforce cuts at Vimeo, can concentrate operational decisions within Bending Spoons as it integrates newly acquired businesses.
  • Other buyers of mature consumer-internet properties may face pressure to demonstrate similarly disciplined headcount and profitability management, particularly after Bending Spoons' public-market debut.

Third-order effects

  • If this approach continues, ownership of legacy internet platforms may increasingly favor consolidators that combine acquisition financing with centralized, highly selective staffing rather than stand-alone growth teams.
  • The model's durability will depend on whether leaner organizations can still sustain product investment and user-facing innovation across distinct brands such as Vimeo, AOL, and Evernote.

The trend: Bending Spoons is one data point in the consolidation of mature internet brands under operators that emphasize centralized execution, selective hiring, and tighter cost control.

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…