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.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62 - Computer Programming, Consultancy And Related Activities
130 jobs Number of planned job losses
Announcement Date
21 March 2023
Employment effect (start)
21 March 2023
Foreseen end date
Description
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200972.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
