Irish software company Workhuman said it expects to cut around 10 per cent of its global workforce as it restructures its investments in the US, Ireland and the wider Europe, Middle East and Africa region in response to the uncertain economic environment.
The company said a number of its 1,300 roles across the business would be impacted as a result. It said the exact number was yet to be determined though it is understood to be around 150 worldwide. Workhuman employs 600 people in Ireland. The company achieved so-called “unicorn” status in 2020 when it was valued at more than $1 billion.
“There are many reasons for this reduction. 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,” said chief executive Eric Mosley. A consultation will now take place with staff, and the Minister for Enterprise, Trade and Employment will be informed as part of this process.