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.
Irish provider of human capital management software solutions Workhuman has announced that it will cut about 130 jobs worldwide.
The company is to improve its profitability as well as implement a new investment strategy. The layoffs will affect the company’s units Ireland and the United States. In Ireland, about 60 positions are to be reduced. The conditions of the programme will be negotiated with employee representatives according to local regulations.
Workhuman will provide a severance package of at least three months and two weeks of pay per year of service. The package will be capped at nine months.
Workhuman (formerly Globoforce) was founded in 1999 in Ireland. The company provides cloud-based, human capital management (HCM) software solutions. Currently, it employs about 1,300 staff globally, with around 600 based in Ireland.
Eurofound (2023), Workhuman, Internal restructuring in World, factsheet number 200972, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/200972.
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