Tech company layoffs in Europe in 2023

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Tech firm layoffs hit European tech exhausting final 12 months — a worldwide development that left greater than 150k tech employees and not using a job, in line with layoffs tracker layoffs.fyi.

Layoffs at tech corporations got here as founders and VCs shifted focus from development in any respect prices and profitability grew to become the phrase of the day.

2023 is shaping as much as be no totally different.

Beneath we listing the layoffs that we all know of thus far in 2023 — and hope it helps any managers who’re hiring to seek out new expertise. Not the entire corporations gave absolute numbers of workers laid off, so we now have estimated based mostly on the latest LinkedIn headcount for the corporate. The estimated numbers are marked with an asterisk.

There may be an Airtable with all of the numbers on the backside of this text.

October 2023

Thought Machine — the cloud-based banking software program supplier confirmed to Sifted that it has laid off 8% of its workforce, primarily throughout gross sales and advertising.
Zego — the driving insurance coverage startup is seeking to promote its UK-based fleet enterprise, affecting roles throughout its B2B and “central capabilities”. The corporate declined to verify what number of workers is perhaps affected; one worker set to be made redundant instructed Sifted it will be round 50 individuals.

September 2023

Xolo — the Estonian enterprise administration companies startup laid off 24 workers, equal to 18% of its workforce.
Eurora Options — the tax and customs startup laid off 111 workers globally, with 80 of the affected jobs based mostly in Estonia. The corporate filed for chapter in October 2023.

August 2023

Huma — the UK-based distant affected person monitoring platform for pharma corporations and medical suppliers introduced in an inside e mail that it will be letting go of round 45 workers, practically 10% of its workforce, amid a slowdown in revenues and a tricky fundraising atmosphere.
DICE — the Softbank-backed UK occasion ticketing platform laid off employees in the summertime; it’s reported to have let go of 30 workers.
Getir — the Turkish speedy grocery supply startup introduced plans to chop 2.5k jobs throughout 5 international locations, equal to round 11% of its whole workforce.

July 2023

Factorial — the HR startup let go of round a dozen workers as a part of a restructuring of its product group, its founder Jordi Romero shared on X, which included changing its chief product officer.

March 2023

RDX Works — the decentralised platform for builders introduced it will be chopping round 25% of its 100-odd workforce, focusing its layoffs “nearly totally” on enterprise assist groups reasonably than technical roles.
PayFit — the HR and payroll administration platform unicorn confirmed with Sifted that it will be shedding 200 workers.
Workhuman — Irish HR tech startup Workhuman was set to put off 10% of its 1300 robust workforce, 600 of which work in its Dublin workplace.
Anyline — The Austrian AI startup minimize one in 4 workers as a part of a transfer to change into money move optimistic.

February 2023

OneFootball — Founding father of the Germany-based soccer information app Lucas von Cranach introduced in a press release that the corporate could be lowering its headcount from 470 workers to 320.
Veriff — Estonian private identification tech developer Veriff laid off 66 workers, round 12% of its workforce. 44 jobs on the firm’s Estonian HQ have been a part of the cuts.

January 2023

Casavo — The Italian digital platform for promoting and shopping for homes instructed Sifted that it will be shedding round 30% of workers (150-175 out of its 500 full-time workers) with a view to give attention to its core markets and goal near-term profitability.
X Shore — Swedish electrical boat producer X Shore laid off 10% of its workers with a view to attain profitability faster than initially deliberate. It raised a €50m late VC spherical in April 2022.
Glovo — The Barcelona-based grocery supply firm laid off 6% of employees, amounting to 250 workers, after receiving a wonderful from the Spanish authorities for allegedly violating employment legal guidelines.
Aiven — The cloud knowledge startup is chopping 20% of jobs, which is able to have an effect on all its world groups. Confirmed to Sifted by the VP of human assets.
Brainly — The Polish edtech laid off 23 workers initially of January, throughout its groups in Poland, Spain and the US. That’s after it minimize nearly all of its group in India on the finish of 2022 — 25 individuals in whole.
Britishvolt — Failed UK gigafactory startup Britishvolt filed for administration on January 17, making 206 of its 232 employees t redundant with quick impact, a spokesperson for EY — the auditor for the administration — instructed Sifted.
Clue — The chief of employees on the interval monitoring app introduced in a LinkedIn publish the corporate had laid off 25% of its group. The cuts have an effect on 25 of the startup’s 100 employees.
Paddle — The funds startup minimize 8% of jobs in early January. The layoffs have been confirmed in a LinkedIn publish by founder and CEO Christian Owens.
Shares — Ben Chelma, the CEO and cofounder of the social funding platform, confirmed to Sifted that it was lowering its headcount by 10% globally, throughout all departments. He reiterated this doesn’t change the corporate’s give attention to growth, which is able to begin with the EU.
TIER — the German mobility startup confirmed to Sifted that it was chopping a complete of 100 jobs, together with roughly 70 roles from TIER and 11 from nextbike — the bike sharing firm TIER acquired in 2021. Nineteen roles are additionally being minimize from Spin — the previous Ford-owned shared electrical bike and scooter function TIER acquired in 2022.