In a strategic move, note-taking platform Evernote has made significant changes by relocating its operations to Europe after being acquired by Italian parent company Bending Spoons in November. As part of this shift, Evernote has let go of a considerable number of employees based in the United States and Chile.
The decision to consolidate operations in Europe stems from the company’s goal to improve operational efficiency and leverage the strong employer brand of Bending Spoons within the European market. Evernote aims to maximise the benefits of this strategic move.
To support affected employees, Evernote has committed to offering substantial separation packages. These packages include attractive provisions such as 16 weeks of salary, up to one year of health insurance coverage, and performance bonuses prorated as if year-end targets have been achieved. The company is also providing additional assistance to those impacted, including individuals facing visa-related challenges or other specific needs.
It’s worth noting that this restructuring follows a prior round of layoffs in February, which saw 129 employees being laid off. Evernote, a trailblazing note-taking app launched in 2008, assures that its dedicated and expanding team in Europe will capitalise on the extensive expertise of Bending Spoons’ workforce of over 400 employees, many of whom have been exclusively focused on Evernote since the acquisition.