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.
Taxfix, a German digital tax advice startup, has announced it will cut 120 jobs. The job cuts are part of a larger restructuring to reduce costs. Startups are currently under great market pressure as it has become more difficult to find investors. There is no exact date yet for when the job cuts will be completed. In 2020, Taxfix made €13.3 million in revenue, in 2021 the company made €21.8 million. Taxfix is one of the few unicorns based in Germany (i.e. companies that are valued at more than €1 billion).
Eurofound (2023), Taxfix, Internal restructuring in Germany, factsheet number 109184, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/109184.