Workfellow Layoffs

February 2024

Workfellow announced a layoff affecting 0 employees (100% of its workforce) in February 2024. The company operates in the HR sector.

People Affected

Percentage

100%

Announced Date

Feb 7, 2024

About

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.