Netguru, a Polish software development company, has announced layoffs of 70 employees, or 12% of its workforce. The layoffs affect both UoP (unlimited overtime) and B2B (business-to-business) employees, as well as managerial and leadership roles.
The company said the layoffs were necessary to “ensure the long-term health and sustainability of the business.” Netguru cited a number of factors for the decision, including the “current economic climate” and the “need to adapt to changing market conditions.”
The layoffs will affect employees across all levels and functions, and the company said it will provide severance packages and outplacement assistance to those who are affected.
Impact of layoffs
The layoffs are expected to have a significant impact on Netguru’s workforce and operations. The company said it will continue to operate as usual, but it may have to slow down its growth plans.
The layoffs are also a sign of the challenges facing the tech industry. The industry has been booming in recent years, but it is now facing a number of headwinds, including rising inflation and a potential recession.
The decision-making process for the layoffs was as follows:
- A structure review was conducted by the core team.
- Individual decisions were made by the heads and managers of each department.