Image source – RTE
There are fears about Ireland-based jobs at Irish-founded technology company WorkHuman, which has announced a 10% cut to its global workforce.
The company has headquarters in Massachusetts and Dublin and provides cloud-based HR services.
Workhuman employs 600 people at its Dublin base and if the 10% reduction were to be applied to its Irish workforce, it would result in 60 redundancies here, reports RTE.
The company said it will begin a consultation process with potentially affected employees in the coming days and will also inform the Minister for Enterprise, Trade and Employment as part of the process.
WorkHuman employs 1,300 people worldwide and didn’t provide a regional breakdown of where the cuts would be, reports RTE.
WorkHuman CEO Eric Moseley said in a message posted on the company’s website that there were several reasons for the layoffs.
“We need to realign our investments with new strategic initiatives and opportunities, we need to balance for growth and profitability, and we need to exercise prudence given the volatile macro environment,” Mr Mosley wrote, reports RTE.
He added that while roles are being cut in some areas, the company will continue to hire and invest in other departments.
“In fact, even with this recalibration, our workforce will remain larger than it was a short 12 months ago, ensuring sufficient capacity to achieve our ambitious growth objectives,” Mr Mosley wrote, reports RTE.
Amazon yesterday announced plans to cut 9,000 jobs from its global workforce, on top of the 18,000 layoffs it announced in January.
Last week, Facebook parent Meta said it would cut another 10,000 jobs globally.
In November, the company announced 11,000 layoffs, resulting in around 300 job cuts from its Irish business, reports RTE.
Other tech giants, including Microsoft, Salesforce and Alphabet, have lost thousands of jobs in recent months as pandemic-driven hiring has left them understaffed.
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