Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Ireland, United Kingdom
Sector
Information / Communication
Publishing Of Information; Production And Programming Of Audiovisual
Publishing Activities
58.29 - Other Software Publishing

46 jobs
Number of planned job losses
Job loss
Announcement Date
12 September 2023
Employment effect (start)
12 September 2023
Foreseen end date

Description

The Irish software company Teamwork has announced the redundancy of 46 employees in Ireland and the United Kingdom, about 13% of its total workforce.

While the affected roles vary across locations and professions, 17 employees are to be dismissed in Ireland.

The company has been struggling with the effects of the global tech downturn, leading to unfavourable economic and market conditions for Teamwork. An official consultation period with Teamwork's staff about the dismissals is currently underway.

Teamwork has offices in six locations worldwide and operates in 183 countries, with 4 million users globally.


Sources

Citation

Eurofound (2023), Teamwork, Internal restructuring in World, factsheet number 200379, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200379.