![]() ![]() It enables them to manage their personal life as well as big projects that require ceaseless collaboration. The core idea of the tool is to help the users focus on what matters most. ![]() (Bending Spoons was bootstrapped until relatively recently.Evernote is a popular app that empowers users to be organized at all times by capturing and prioritizing ideas, projects, and to-do lists. No doubt, the corporate parent wants a quick return on its investment, and it’s perhaps feeling additional pressure from investors. So what’s the explanation for the cuts? It could be as simple as Bending Spoons priming Evernote for profitability. The company recently closed a $340 million venture round and eclipsed $100 million in ARR last September. It’s unlikely Bending Spoons, for its part, was badly hurting for liquidity. But the company appeared to have turned things around more or less, reporting $100 million in annual recurring revenue (ARR) within the last five years. But posts on LinkedIn and Blind suggest the layoffs touched a wide range of core Evernote teams, including the product design, engineering, HR, sales, customer service and marketing departments.Įvernote has indeed had its ups and downs over the past few decades, with mass layoffs in 20 - a year which also saw an exodus of top execs including Evernote’s chief technical officer, chief financial officer, chief product officer and head of HR. The spokesperson wouldn’t confirm which specific departments were impacted. “The company has been unprofitable for years and the situation was unsustainable in the long term.” “This was a difficult - yet necessary - decision as we pursue our ambitious plans for Evernote,” a spokesperson told TechCrunch via email. Layoffs took place at Evernote on Friday, February 17, an Evernote spokesperson confirmed to TechCrunch, affecting 129 people. Months after acquiring Evernote, Milan-based app developer Bending Spoons has made steep cuts at the note-taking and task management app. ![]()
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