In November 2022, the Dublin-based corporate gifting technology company &Open laid off nine employees, representing less than 10% of its global workforce of over 100 people. The job cuts were attributed to ongoing economic uncertainty, prompting the company to exercise caution. As part of the restructuring, the founders and executives also took pay cuts. &Open, founded in 2017, provides a platform for brands to send curated gifts to enhance customer loyalty and retention. The company, which had raised $26 million earlier in 2022 to expand operations, offered affected staff three months' pay in lieu of notice and covered unused leave.
