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⚠ A Large Part of Airtable, Five Weeks InModerate threat

Bending Spoons (BSP) — threat to the moat

Airtable was growing over 20% a year when Bending Spoons bought it, and five weeks later a large part of its team was cut, which is the first time the method has been applied to something that was not already stalling.

The Airtable reorganisation is the first one Bending Spoons has run as a listed company, and it was reported within weeks. The acquisition completed on 4 September 2026, the first since the Nasdaq listing1. On 12 October a large part of Airtable's workforce was reported to be losing their jobs2.

Airtable, eight weeks4 Aug 2026agreed at $1.285bnenterprise value4 Sep 2026completed, the firstdeal after listing12 Oct 2026a large part ofthe team cut6 Nov 2026first resultsincluding AirtableBending Spoons releases of 4 August and 4 September 2026; Business Insider, 12 October
Thirty-eight days from closing to the cuts.

The reasoning given publicly was not about performance. A Bending Spoons product leader said the cuts were not a reflection of employees' work but of a deep belief that small teams ship more and better3, and departing staff were said to be leaving with substantial separation packages4. New core, performance and infrastructure teams are being formed, with people brought in from other Bending Spoons companies5.

The number affected has not been disclosed, and the precedents are large. The company itself says that in the fourth quarter of 2025 and the first quarter of 2026 it added 1,830 full-time equivalent team members through the acquisitions of AOL, Eventbrite and Vimeo, had already parted ways with many of them by the end of the first quarter, and expects only a few hundred to remain once the transformations are substantially complete later in 20266.

The scale of the earlier cuts gives the range. Bending Spoons added 1,830 full-time equivalent team members with AOL, Eventbrite and Vimeo and expects only a few hundred to remain7; Evernote fell 82% and StreamYard 71%8. Nothing in the filings suggests Airtable will be different, and nothing in them discloses the figure either.

Airtable matters more than its predecessors because of what it is: a workflow platform with annual recurring revenue of approximately $480 million growing over 20% year on year as of June 20269. A business growing at that rate is the first real test of whether the cut-and-rebuild method damages a franchise that was working. Airtable's revenue contribution in the 6 November results is the first evidence either way.

References
  1. ReportedThe acquisition completed on 4 September 2026, the first since the Nasdaq listing.
    Bending Spoons press release, Form 6-K exhibit 99.1: completion of the Airtable acquisition, the first since the Nasdaq listing. — September 2026 · publ. 4 September 2026 · source ↗
  2. Third-party estimateOn 12 October a large part of Airtable's workforce was reported to be losing their jobs.
    Business Insider via dnyuz, Airtable's new owner is laying off a large part of its team - the October 2026 Airtable reorganisation five weeks after closing, including the statements by Bending Spoons product leaders. — October 2026 · publ. 12 October 2026 · source ↗
  3. Third-party estimateA Bending Spoons product leader said the cuts were not a reflection of employees' work but of a deep belief that small teams ship more and better, and departing staff were said to be leaving with substantial separation packages.
    Business Insider via dnyuz, Airtable's new owner is laying off a large part of its team - the October 2026 Airtable reorganisation five weeks after closing, including the statements by Bending Spoons product leaders. — October 2026 · publ. 12 October 2026 · source ↗
  4. Third-party estimateA Bending Spoons product leader said the cuts were not a reflection of employees' work but of a deep belief that small teams ship more and better, and departing staff were said to be leaving with substantial separation packages.
    Business Insider via dnyuz, Airtable's new owner is laying off a large part of its team - the October 2026 Airtable reorganisation five weeks after closing, including the statements by Bending Spoons product leaders. — October 2026 · publ. 12 October 2026 · source ↗
  5. Third-party estimateNew core, performance and infrastructure teams are being formed, with people brought in from other Bending Spoons companies.
    Business Insider via dnyuz, Airtable's new owner is laying off a large part of its team - the October 2026 Airtable reorganisation five weeks after closing, including the statements by Bending Spoons product leaders. — October 2026 · publ. 12 October 2026 · source ↗
  6. ReportedThe company itself says that in the fourth quarter of 2025 and the first quarter of 2026 it added 1,830 full-time equivalent team members through the acquisitions of AOL, Eventbrite and Vimeo, had already parted ways with many of them by the end of the first quarter, and expects only a few hundred to remain once the transformations are substantially complete later in 2026.
    Bending Spoons S.p.A. Form 424B4, the final initial-public-offering prospectus dated 30 June 2026 - the master document, covering the business, the Playbook, the Platform, the audited financial statements for 2023-2025, the Q1 2026 interim, the acquisitions, customers, risk factors and legal proceedings - the Business section on the Platform: people, hiring, compensation and culture. — FY2023-Q1 2026 · publ. 1 July 2026 · source ↗
  7. ReportedBending Spoons added 1,830 full-time equivalent team members with AOL, Eventbrite and Vimeo and expects only a few hundred to remain; Evernote fell 82% and StreamYard 71%.
    Bending Spoons S.p.A. Form 424B4, the final initial-public-offering prospectus dated 30 June 2026 - the master document, covering the business, the Playbook, the Platform, the audited financial statements for 2023-2025, the Q1 2026 interim, the acquisitions, customers, risk factors and legal proceedings - the Business section on the Platform: people, hiring, compensation and culture. — FY2023-Q1 2026 · publ. 1 July 2026 · source ↗
  8. ReportedBending Spoons added 1,830 full-time equivalent team members with AOL, Eventbrite and Vimeo and expects only a few hundred to remain; Evernote fell 82% and StreamYard 71%.
    Bending Spoons S.p.A. Form 424B4, the final initial-public-offering prospectus dated 30 June 2026 - the master document, covering the business, the Playbook, the Platform, the audited financial statements for 2023-2025, the Q1 2026 interim, the acquisitions, customers, risk factors and legal proceedings - the Business section on the Platform: people, hiring, compensation and culture. — FY2023-Q1 2026 · publ. 1 July 2026 · source ↗
  9. ReportedAirtable matters more than its predecessors because of what it is: a workflow platform with annual recurring revenue of approximately $480 million growing over 20% year on year as of June 2026.
    Bending Spoons press release, Form 6-K exhibit 99.1: definitive agreement to acquire Airtable at an enterprise value of $1.285 billion, with annual recurring revenue of approximately $480 million and more than 500,000 organisations using the platform. — August 2026 · publ. 4 August 2026 · source ↗
Sources
Generated October 20, 2026