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Vilnius market

French company in Vilnius lays off 42 employees

BNS
in 2025 April 18 09:00 a.m
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1 min. reading
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Teleperformance LT, a company owned by French customer experience management company Teleperformance, is planning to lay off 42 employees.

"The reason for the layoffs is the decreased demand for labor from Teleperformance LT's main client due to the geopolitical situation," the Employment Service informed BNS.

Currently, according to Sodra, the company has 363 employees, down from about 540 a year ago.

BNS reported last November that the company was planning expansion and intended to hire 80 new employees within a few months.

According to the Employment Service, Teleperformance LT previously announced layoffs of about 110 employees: in July 2023, the company warned 30 employees about this, and in October of the same year, another 80. 

Teleperformance, which began operations in Lithuania in 2015, provides core customer service, technical support, visa application management, data analytics and debt collection services, as well as online translation solutions, from its Vilnius office worldwide.

The report submitted to the Center of Registers indicates that it earned 2023 million euros in net profit in 2,1 - almost the same as in 2022 (2,2 million euros), and its sales revenue grew by 10 percent to 25,3 million euros (22,9 million euros).

According to the Center of Registers, the company's sole shareholder is the Luxembourg company Luxembourg Contact Centers, which is owned by the French Teleperformance and is listed on the Paris Stock Exchange.

Author Aurimas Ragelis

[email protected], Business News Section

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