Globant confirms office closures in Argentina: mass layoffs reported

[MilHojas]

Globant confirma el cierre de oficinas en Argentina: denuncian despidos masivos

El unicornio argentino del software confirmó la clausura de dos sedes luego de sus acciones bajaran más de 55% en lo que va de 2025

www-iproup-com.translate.goog

Original article in Spanish

 

[Rich One]

Globant a Unicorn closes Several offices in Argentina.

 

[carride]

Still waiting for the libertarian miracle. The Argentine entrepreneural spirit thrived in the environment of arts, culture, science and human collaboration of the past 20+ years. The environment where Globant started and grew. Now the government plan to only support efficiency and optimization which will encourage foreign investment is soul crushing for their employees

Their CEO one year before with these hopeful statements

Martín Migoya, CEO of Globant: Why is this the best time for unicorns in Latin America?

The CEO of the software firm explains the impact of the deregulation of the Argentine economy on startups and the potential that AI has in business operations.

www.americaeconomia.com

 

[jlynch]

AI has affected their business model, same for their British competitor Endava and Milei cant be blamed for that.

https://finance.yahoo.com/quote/DAVA/

 

[Quilombo]

This isn't surprising for anyone who works in IT. While I never worked with/for them, I've heard all the horror stories from coworkers and acquaintances who have. Imagine a Silicon Valley company run by Argentines with all the negative stereotypes of a Darin movie and it's exactly what it is/was.

The reason they're really suffering now is that in addition to spending/hiring too fast (like many startups/tech companies), they pay poorly, and the dolar planchado has made it even worse than normal since their business model is basically Uber for IT and they won't increase salaries in line with lost purchasing power (at least here in Argentina).

I feel bad for anyone still working for them, but the general consensus in the Argentine tech community that I'm a part of is good riddance to a bunch of parasites, and many people are hoping they collapse as it will result in something (hopefully) better replacing them.

 

[MilHojas]

Argentine deregulation offers upside for Globant in a tough year

Software company Globant says the deregulation of the local financial industry is prompting companies to step up investment in technology systems.

www.batimes.com.ar

Argentina is becoming a bright spot in what has been a rough period for software company Globant SA, with the deregulation of the local financial industry prompting companies to step up investment in technology systems.

Looks like the alarm’s been turned off - suddenly, Argentina’s a "bright spot" for Globant.



This is what success looks like.