Merative

Merative, a US-based healthcare technology firm, is cutting approximately 100 jobs in Ireland, which represents about 25% of its 400-strong Irish workforce. The layoffs, announced in September 2023, are part of cost reduction efforts as the company shifts operations, notably expanding its teams in India. Most of the impacted roles are in the technology division, with additional cuts in sales, design, products, and communications. Merative, formed from IBM's Watson Health and owned by Francisco Partners, specializes in data and analytics for the health industry, serving governments and healthcare providers. The move follows a consultation period, with final decisions expected by mid-October, affecting some long-term employees.

Merative, the healthcare data and analytics company formerly known as IBM Watson Health, is laying off an estimated 200 employees, representing about 10 percent of its roughly 2,000-person workforce, as reported in February 2023. The layoffs are part of the company's strategic realignment following its acquisition by Francisco Partners. According to sources, the job cuts are associated with shifting roles offshore to reduce costs, with affected employees, including some over the age of 40, receiving three months of severance. This move continues a trend of restructuring within the health tech industry, as Merative focuses on its core product lines for long-term growth.