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.
Bird, a Dutch communications technology company, has announced that it will lay off 20% of its workforce, resulting in 90 jobs lost.
The layoffs are a result of automation and the increasing use of artificial intelligence in the company. Employees are being replaced by AI, and thus, the company can achieve the same performance with less employees.
Bird had a round of layoffs before at the end of 2022, where one in three employees lost their jobs. That round of layoffs was due to the integration of acquired companies not happening fast enough, leading to double jobs.
Eurofound (2024), Bird, Internal restructuring in Netherlands, factsheet number 201243, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201243.