Dublin jobs in danger as Yelp plans global downsizing

Not long after its European headquarters landed in the capital...

Dublin jobs in danger as Yelp plans global downsizing

Picture by Richard Drew AP/Press Association Images

As many as 100 jobs could be lost in Dublin, as Yelp announces its plans to scale back its non-US operations.

The San Francisco multinational behind the popular online business review website opened its European headquarters in the Irish capital a mere two years ago, promising to create 100 jobs at the time.

Ireland currently handles sales and marketing activities for the European market.

While Yelp has not revealed the specifics of how the move could hurt Ireland, it has lodged financial documents with the US outlining its broader plans.

These state:

"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.

"The majority of the anticipated expense relates to severance for up to 175 of Yelp’s 4,350 employees."

The news comes as Yelp revealed a 30% increase in revenue to $186m for the third quarter, as well as a profit of $2.1m. Local advertising accounts were up 30% year-on-year for the period, while cumulative reviews got a 29% bump (to roughly 115 million).