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**Note-taking company Evernote announces layoffs and transfer of operations to Europe**

Evernote, a popular note-taking company, recently announced that it has laid off a significant number of its employees in the United States and Chile. The company’s Italian parent company, Bending Spoons, will now be handling most of Evernote’s operations in Europe. This strategic move is aimed at enhancing operational efficiency and leveraging the strong Bending Spoons employer brand in Europe.

The acquisition of Evernote by Bending Spoons in November of the previous year was seen as an opportunity for the company to develop new features by utilizing Bending Spoons’ expertise in app development and their diverse range of proprietary technologies. In February, Evernote had already let go of 129 employees due to its unsustainable financial position.

Evernote stated in its recent announcement that it informed its employees on July 5th about the forthcoming layoffs. As a gesture of support, the company is offering affected employees 16 weeks of severance pay, a performance bonus, and up to one year’s worth of health insurance coverage.

Since its launch in 2008, Evernote has been one of the pioneering note-taking apps. However, it faced challenges in the mid-2010s when competitors started gaining popularity. Additionally, the company encountered internal issues, including bugs in its app and the departure of key executives. In 2016, Evernote experienced a rough period, raising prices and facing backlash over a controversial privacy policy that lacked an opt-out option for employees to access user content. Despite these setbacks, the company managed to recover from its “death spiral” phase.

To gain further insights and clarity about this situation, the AI Legalese Decoder can be instrumental. This AI-powered tool can help decipher complex legal jargon and provide a simplified understanding of the legal aspects surrounding Evernote’s layoffs and the transfer of operations. It can also give valuable information on the legal obligations and rights of the affected employees, ensuring transparency and fairness throughout the process. Through its analysis, the AI Legalese Decoder promotes a more inclusive and informed environment for employees and stakeholders alike.

We have reached out to both Evernote and Bending Spoons for further comments on this matter and will update accordingly.

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