Ukrainian IT company HOLYWATER TECH cuts 12% of staff to focus on key units

The reorganization process will affect 37 employees, which is about 12% of the company's total staff.

The changes are designed to increase business efficiency and focus expertise on priority product areas.

“We are reviewing team structures to focus resources on key business units. This process affects 37 employees — ≈12% of the team,” HOLYWATER TECH told dev.ua.

The company emphasizes its desire to provide maximum support to specialists leaving the team, which is why they have provided a comprehensive assistance package for them. It includes payment of monetary compensation, maintenance of health insurance until mid-December, as well as career counseling and assistance in finding new projects from the recruiting team.

In addition, specialists will receive letters of recommendation, and their candidates will be directly redirected to partner companies that are currently actively hiring.

We would like to remind you that today it became known about the reduction in the company Headway Inc - the staff was reduced by 16%.

HOLYWATER Tech has officially left the Genesis ecosystem. What explains this?

On the topic

HOLYWATER Tech has officially left the Genesis ecosystem. What explains this?

Ukrainian HOLYWATER TECH included in the ranking of the most promising tech companies in Europe. Where did it rank in the top 100?

On the topic

Ukrainian HOLYWATER TECH included in the ranking of the most promising tech companies in Europe. Where did it rank in the top 100?

Ukrainian IT company HOLYWATER TECH has been included in the list of Deadline Hollywood Disruptors, a prestigious international media outlet about the entertainment industry

On the topic

Ukrainian IT company HOLYWATER TECH has been included in the list of Deadline Hollywood Disruptors, a prestigious international media outlet about the entertainment industry

Read the country's main IT news in our Telegram

On the topic

Read the country's main IT news in our Telegram