After shedding more than 160,000 workers in 2022, tech companies globally have already eclipsed that mark in 2023, according to layoffs.fyi. From January through May, the tracking website found more than 200,000 employees have been let go from technology posts at more than 700 organizations. Over the last year, businesses specializing in intelligent automation and related fields have not been immune.
Most recently, Helsinki, Finland-based QPR Software announced it plans to let nearly 45 employees go—some temporarily. The company, which just six weeks ago was named a “visionary” in Gartner’s first-ever Magic Quadrant for process mining technology providers, said the layoffs are part of “change negotiations” aimed at adjusting its operations and cost structure.
QPR Software said it hopes to bring back up to 36 temporarily affected employees within 90 days. The seven positions that will be permanently eliminated represent nearly 11 percent of its staff of 65.
The company noted that uncertainty in the economy has negatively affected new customer acquisition and “clearly postponed customers’ decisions.” It said it is looking at cost-saving measures in all areas of the business.