Layoffs in Estonia

GrabCAD laid off 13 employees on 2024-01-12.

Pipedrive on 2023-11-30.

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.

Xolo laid off 24 employees on 2023-09-04.

Veriff laid off 101 employees representing approximately 21% of its workforce on 2023-08-23.

Veriff laid off 66 employees representing approximately 12% of its workforce on 2023-02-09.

Pipedrive laid off 143 employees representing approximately 15% of its workforce on 2022-11-14.

Pipedrive laid off 31 employees on 2020-05-05.

Veriff, an Estonian secure identification verification startup, is laying off 63 employees, a surprising move given the company's recent growth during the pandemic. Founder Kaarel Kotkas explained that while demand surged in the U.S. and Europe, manual verification processes in markets like Africa collapsed, affecting over 100 staff in that sector. The layoffs come as Veriff, which expanded from 20 to over 300 employees last year, aims to achieve profitability. The announcement was made in April 2020, amid the economic effects of the coronavirus pandemic.

Starship Technologies laid off 30 employees on 2020-03-30.