Layoffs in Finland

Finnish HRtech startup Workfellow, founded in 2019, has ceased operations and laid off its entire workforce due to financial difficulties. The company, which had raised $3 million in a 2021 seed round led by OpenOcean, faced significant obstacles in fiscal year 2023 that ultimately led to its shutdown. The closure was announced on February 7, 2024, marking the end for the small-scale startup that specialized in providing technology solutions for human resources.

Finland's leading cybersecurity firm F-Secure has initiated codetermination talks that could lead to layoffs of up to 70 employees globally, representing about 13.6% of its total workforce of 516. The restructuring, announced in October 2023, primarily targets up to 50 positions in Finland, with negotiations starting on October 30 and expected to last six weeks. This move follows a profit warning and disappointing interim results, with projected 2023 revenue of 128-132 million euros falling short of expectations. The company cites a challenging operating environment due to the war in Ukraine, high inflation, reduced consumer confidence, and lower demand as key reasons, aiming to achieve approximately 9 million euros in cost savings through this restructuring.

Noice, a social audio platform, has laid off approximately 25% of its workforce, affecting around 80 employees out of a total of 320. The layoffs, which occurred in early 2023, were part of a broader restructuring effort aimed at extending the company's financial runway amid challenging market conditions in the tech and social media industry. As a mid-sized startup, Noice cited the need to prioritize core product development and achieve sustainable growth.

Finnish cybersecurity unicorn Hoxhunt conducted employee negotiations (YT-neuvottelut) in early 2023, resulting in layoffs. The company, which provides security awareness training, was affected by a broader economic tightening that impacted many high-growth Finnish tech firms. Following a period of rapid fundraising, the funding environment became more challenging after Russia's invasion of Ukraine, forcing companies like Hoxhunt to extend their financial runways and adjust to slower growth. While the exact number of employees laid off and the total workforce were not specified in the article, the layoffs were part of a strategic shift to ensure sustainability in a changed market. The industry is cybersecurity, and Hoxhunt is considered a unicorn-scale company.

The provided content is a blog feed from Aiven, a cloud data platform company, showcasing product announcements and technical articles from March and April 2026. It highlights new services like Aiven for DataHub, a managed data catalog, and Aiven Apps for application development. The articles focus on platform updates, technical problem-solving, and free tier offerings, indicating a period of product expansion and feature launches within the data infrastructure and AI industry. There is no mention of any layoff event, financial restructuring, or workforce changes in this content.

Swappie laid off 250 employees representing approximately 17% of its workforce on 2022-06-15.

Rovio announced more layoffs as part of an effort to focus on games, though specific numbers and dates were not provided in the article.