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.
Irish tech company Intercom has announced plans to cut 130 (13%) jobs from it's global workforce. The planned restructuring is due to a slump in demand, rising cost pressures and inflated staff numbers due to an 'expansive' recruitment scheme over recent years. The Irish-founded software company plans to lay-off 39 employees in Ireland (amounting to 5% of its global workforce) and relocating 14 jobs from USA to Dublin, Ireland. Job cuts will target Human Resources and Marketing departments.
A previous restructuring event has been recorded in the ERM Event database for Intercom In 2021, with a planned expansion of 150 jobs in Ireland (Intercom-2021-IE).
Intercom was established in Dublin in 2011, currently employing 1000 people. It has offices in Dublin, San Francisco, Chicago, London and Sydney.
Eurofound (2022), Intercom, Internal restructuring in World, factsheet number 108157, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/108157.