Up to 100 jobs at risk as Yelp signals end to Dublin office
Published 02/11/2016 | 18:52
Yelp, the online business locator company, has signalled that it is to cut jobs at its Dublin-based European headquarters, possibly shutting down the entire operation here.
The firm lodged financial documents in the US today outlining plans to scale back is non-US operations.
“The company currently anticipates recording a restructuring charge of $2 million to $4 million in the fourth quarter of 2016 associated with the planned wind down of its sales and marketing activities outside the US and Canada,” said its statement. “The majority of the anticipated expense relates to severance for up to 175 of Yelp’s 4,350 employees.”
Yelp opened its European headquarters in Dublin two years ago with a promise to create 100 jobs. The Irish office handles sales and marketing activities for the European market.
A spokesman for Yelp was unavailable for comment.
Yelp’s statement was made as it announced 30pc growth on revenue of $186m for the third quarter of 2016. It also announced a profit of $2.1m for the same period.
It said local advertising accounts grew 30pc year over year to approximately 135,000 while cumulative reviews grew 29pc year over year to approximately 115 million.