Bending Spoons to lay off 75% of WeTransfer staff post deal, CEO says facebook

Italian app developer Bending Spoons will lay off 75% of file-sharing platform WeTransfer staff, CEO Luca Ferrari said in a statement on Sunday.

Ferrari said “I won’t be more specific at this stage because the layoff hasn’t been fully defined yet,” in an emailed statement to Reuters.

The Italy-based app company made its fifth acquisition this year when it bought WeTransfer in July. Bending Spoons in February raised $155 million through a capital increase, taking the company’s valuation to $2.55 billion.

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