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.
Proofpoint, a US-based cybersecurity company, has announced an expansion of its Irish operations with the establishment of a new AI Innovation Centre in Cork. As part of this growth, the company will immediately create 45 new specialist jobs, including data scientists, AI and large-language-model (LLM) experts, and security-operations personnel.
Proofpoint plans a second hiring round in the coming years, bringing the total number of new roles up to 100. These will support functions such as cloud security, data protection, and AI-driven cybersecurity product development.
Government representatives welcomed the investment as confirmation of Ireland’s status as a European hub for cybersecurity and emerging technologies. Proofpoint opened its Cork hub in 2024 see Proofpoint 2024 - IE and currently employs around 250 staff at the site as part of its international footprint of 4,500 employees worldwide.
Eurofound (2025), Proofpoint, Business expansion in Ireland, factsheet number 203697, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203697.