Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
American cloud computing company Salesforce has announced that it will cut 700 jobs worldwide.
In January 2024, the company announced a cost-saving plan affecting 700 positions, or roughly 1% of its global workforce. So far, the company has announced layoffs in France. Salesforce is to reduce its employment in France by 170 positions.
It is the second global restructuring plan announced year after year. In 2023, the company cut about 7,900 jobs worldwide as part of global cost-savings measures.
Salesforce is an American market-leading multinational specialised in cloud computing services and products. The company employs 71,000 staff worldwide.
The global restructuring plan for Salesforce, cutting 7,900 jobs, has been recorded in the ERM events database Salesforce-2023-WO.
Eurofound (2024), Salesforce, Internal restructuring in World, factsheet number 200915, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/200915.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
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Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...
