The impending closure of the Yelp office in Dublin comes just two years after its opening was officially announced. Image: dennizn/Shutterstock
Local business discovery platform Yelp is in talks to shut down its Dublin office, which could lead to the loss of 100 jobs.
It was only two years ago that the San Francisco company revealed plans to open a new European headquarters in Dublin leading to 100 new jobs.
However, it seems all has not been rosy. As part of a restructuring plan, the company is to lay off 175 employees, or 4pc of its workforce, in international sales and marketing roles.
The company failed to grow its business outside of North America.
Consultation to wind down Dublin office
As a result, Yelp is currently in talks to shut down its international office in Dublin.
The company is understood to be planning to maintain engineering and non-commercial operations in London and Hamburg.
In the third quarter, Yelp reported 30pc revenue growth to $186m in Q3 and made a $2.1m profit.
However, growth has failed to materialise internationally.
In its earnings report this week, the company said it will incur a restructuring charge of between $2m and $4m in Q4.
The international failure comes after a buying spree that saw the company acquire Qype for $50m, Restaurant Kritik in Germany and Cityvox in France, as well as striking location-based deals with Twitter.
Yelp smartphone app. Image: dennizn/Shutterstock
