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.
Global tech multinational, Microsoft, is to cut 120 jobs from its Irish operations as part of the company’s wider global restructuring plan. The job cuts will be at Microsoft’s headquarters in Leopardstown, Dublin. The redundancies are due to be completed by the end of March. The job cuts in Ireland have been attributed to efforts to align the company's cost structure with revenue figures that were announced in the previous month.
The global resutructuring plan announced by Microsoft, which will cut 10,000 jobs, has been recorded in the ERM database (Microsoft-2023-WO).
Updated, 18/05/2023
Microsoft has announced that as part of its global restructuring plan, another 60 employees will be dismissed. This brings the total number of job cuts in Ireland to 180. Microsoft has made no comment on the departments targeted or if there will be further job cuts as part of the global restructuring.
Eurofound (2023), Microsoft, Internal restructuring in Ireland, factsheet number 108408, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/108408.