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.
Pipedrive, an international sales management software company based in Estonia, has announced the reduction of 143 jobs worldwide, of which 79 are in Estonia. The reason for the job reductions is the company's need to change their business and product strategy as a response to difficult economic conditions. According to the CTO this was a difficult decision made after careful deliberation. Pipedrive is a cloud-based software as a service company founded in 2010. Pipedrive has around 850 employees globally and the job reductions concern around 15% of workers.
Eurofound (2022), Pipedrive, Internal restructuring in World, factsheet number 108236, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/108236.