Estonian tax and customs technology startup Eurora Solutions laid off 111 employees globally in September 2023, including 80 in Estonia, as part of a restructuring effort to reduce costs and achieve profitability by the following year. The layoffs followed a summer period where the company accrued a significant tax debt of 240,000 euros, which management attributed to clients' extended summer payment terms. This workforce reduction aimed to sharpen the company's focus and streamline operations within the competitive fintech and logistics technology industry.
