Layoffs in Czech Republic

Heureka Group, a major Czech e-commerce price comparison and shopping platform, laid off approximately 100 employees on April 23, 2024. This reduction affected about one-sixth of its workforce, which totaled around 600 people. The company cited a global trend of increasing pressure for efficiency within the technology and IT sector as the primary reason, stating the need to adapt to macroeconomic conditions and implement organizational changes. This layoff coincides with the start of Heureka's new fiscal year and follows other significant shifts, including an unexpected CEO change in September 2023. Despite reporting recent revenue growth, the company has continued to post financial losses, contributing to the context for this restructuring.

Zomato, the Indian foodtech giant, has initiated the liquidation of its Czech Republic-based subsidiary, Lunchtime, as of September 1, 2023. The subsidiary, Lunchtime.cz, was non-operational with no active business and contributed zero to Zomato's net worth, valued at approximately INR 28.2 lakhs. This move is part of Zomato's broader strategy to shutter underperforming international subsidiaries and focus on its core markets in India and the UAE. The company has been closing similar non-operational units in countries like Indonesia, Portugal, Jordan, and the Philippines this year, aiming to streamline operations and improve profitability.