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.
Finland-headquartered digital services and information technology company TietoEVRY has announced that it will lay off 400 employees worldwide by the end of 2024.
The restructuring programme will be implemented in one of TietoEVRY’s five specialised businesses, TietoEVRY Create. The cuts will affect IT consultants at the competence centres in Bulgaria, Ukraine and India. The collective consultation processes are expected to be concluded by the end of 2024.
The sources provide that TietoEVRY introduced a new operating model in the second quarter of 2024. By these changes, the company is to adjust its operational capacity in line with the market demand and improve its efficiency.
TietoEVRY is a leading Nordic technology company with the headquarter in Helsinki, Finland, providing services to thousands of businesses and public-sector customers in over 90 countries. TietoEVRY employs 24,000 people globally.
TietoEVRY Create supports its global customer base with advanced digital engineering services, human-centred design, data, and AI capabilities. Tietoevry Create has nearly 10,000 employees across 23 countries within Europe, Asia, North America, and Latin America. The most recent restructuring programme by TietoEVRY has been recorded in the ERM events database in Sweden Tietoevry-2023-SE and Finland Tietoevry-2023-FI.
Eurofound (2024), TietoEVRY, Internal restructuring in World, factsheet number 201390, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201390.