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Tietoevry Corporation PRESS RELEASE 4 May 2023 8:00 a.m. EEST
In November of 2022, Tietoevry announced a strategic review of its Tietoevry Transform and Tietoevry Connect as a combined business. The integration of the two businesses progressed well during the first quarter of 2023, and the combined business Tietoevry Tech Services is effective since 1 April.
Tietoevry Tech Services is uniquely positioned to drive enterprise-wide transformation in the rapidly changing business environment and is now aiming to deliver on its full potential as a leading full-stack IT services partner. To advance on this ambition, Tietoevry Tech Services is initiating operational simplification and efficiency measures to strengthen its competitiveness in the market. These measures include: a clear focus on scalable next-generation services, including continued focus on multi-cloud solutions; continued attention on competitive cost structure and; a simplified customer-centric operating set-up.
Consequently, Tietoevry Tech Services has also initiated employee processes that may lead to the potential reduction of maximum 500 roles globally across Finland (~120 roles), Sweden (~120 roles), Norway (~100 roles), Czech Republic (~100 roles) and India (~60 roles). The processes are conducted according to the legislation and practices in each country and relevant legal company and are estimated to be completed gradually during 2023, with focus on the second and third quarter.
“As Tietoevry Tech Services we are creating a winning combination of capabilities – building on our market position, competitive services and global delivery capability. By taking the actions announced today, we are able to focus our investments in areas that benefit our customers and position Tietoevry Tech Services for winning in the market. In light of the market potential and continued efficiency requirements, this phase also comes with potential difficult decisions regarding some of our people, and we are committed to ensuring we will treat these situations respectfully”, says Satu Kiiskinen, Managing Director, Tietoevry Tech Services.
Today, Tietoevry Tech Services has over 8 000 employees globally.
For more information, please contact:
Tietoevry Newsdesk, news@tietoevry.com, +358 40 5704072
Tietoevry creates purposeful technology that reinvents the world for good. We are a leading technology company with a strong Nordic heritage and global capabilities. Based on our core values of openness, trust and diversity, we work with our customers to develop digital futures where businesses, societies, and humanity thrive.
Our 24 000 experts globally specialize in cloud, data, and software, serving thousands of enterprise and public-sector customers in more than 90 countries. Tietoevry’s annual turnover is approximately EUR 3 billion and the company’s shares are listed on the NASDAQ exchange in Helsinki and Stockholm, as well as on Oslo Børs. www.tietoevry.com
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