One of Estonia's Largest Technology Companies Is Making Massive Cuts
10 Articles
10 Articles
The Estonian unicorn Pipedrive will reduce the number of workers and locations. Company has already started the dismissal process in Portugal.
One of Estonia's largest technology companies is making massive cuts
One of Estonia's largest technology companies is making massive cutsPipedrive, an IT developer, has announced a restructuring that will significantly reduce the company's scale. It currently employs about 800 people, about half of them in Estonia....
Sales software developer Pipedrive today announced a structural change that will significantly reduce the size of the company.
Estonia's Pipedrive to cut 70% of local workforce as AI disrupts its business model
Estonian-founded software unicorn Pipedrive is preparing to eliminate 267 jobs in Estonia and close offices elsewhere in Europe, in a sweeping restructuring that raises questions about the future of traditional software businesses, the company’s growth prospects and the intentions of its American private equity owner. Pipedrive, one of Estonia’s most prominent technology success stories, announced the largest restructuring in its 16-year history…
The business page and Delfi brought us sad news this week: sales software developer Pipedrive employs 267 people in Estonia, or about 70 percent of its employees. 219 people will lose their jobs in Tallinn and 48 in Tartu. Only 113 Estonians remain. The company, which for decades has been touted as Estonia's brightest success story, has now become a symbol of the collapse of technological utopia. The so-called success story [...]
Pipedrive, the sales software company that emerged from Estonia, announced on Thursday that it will significantly reduce the number of employees, offices and teams. CEO Paulo Cunha said that this is the company's biggest structural change, affecting the majority of the company's current positions.
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