Tibber, a European energy technology company, announced layoffs of up to 50 employees in June 2023. This represents about 14% of its then 350-person workforce across Norway, Sweden, Finland, Germany, and the Netherlands. The cuts, offered as voluntary severance packages, were a response to a significant loss of 509 million Norwegian kroner the previous year. This financial strain was partly due to volatile electricity prices, which forced the company to invoice customers before delivery, leading to customer dissatisfaction and attrition. The layoffs aim to improve efficiency and focus resources on core areas, with leadership expressing optimism for a return to operational profitability in the latter half of 2023.
