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Daugavpils faces mass layoffs / Article

What happened

Concentrix will lay off more than 100 employees as it ceases operations in Daugavpils, Latvia.

Source

Article excerpt

A subsidiary of “Latvian Railways,” the freight carrier “LDZ Cargo,” will begin staff reductions in the city, while the international digital services company “Concentrix,” formerly known as “WebHelp,” will completely cease operations in Daugavpils. The city’s mayor calls this a tragedy. In May, the unemployment rate in Daugavpils reached 6%. A total of 2,480 people were registered as unemployed. The latest news is even less encouraging, as the ranks of the unemployed will only grow. Citing trade secrets, the State Employment Agency refused to tell Latvian Public Media (LSM) whether it had received any notifications of mass layoffs. However, layoffs are coming, and they will affect two companies at once. The first of these is the state-owned company “LDZ Cargo,” which is engaged in rail freight transport. The volume of freight continues to decline – in the first quarter of this year, it fell by 18%. The company has confirmed the layoffs. “We confirm that ‘LDZ Cargo’ has decided to initiate a collective layoff process in 2026, reducing the number of employees, with plans to begin on August 1 of this year. “LDZ Cargo” is aware that this is a socially very sensitive and complex process, especially in regions where the company has historically played a significant role in employment,” the company stated. The reasons for the layoffs include the geopolitical situation, sanctions...

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Extracted from this sentence

More than 100 employees will lose their jobs at the company.

Extracted by Autobound

From the Signal API record
Event
News

What this signalsCuts often push teams toward cost and efficiency tools.

Headcount
100
Takes effect
Oct 1, 2026
Location
Daugavpils, Latvia

The full record

From the Signal API record

Numbers

Headcount named in the story
100

Extraction

Confidence
90%
Detected
Aug 19, 2026
signal_type
news
signal_subtype
decreases_headcount_by

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The API returns more than this page shows

This page shows a preview. The full news record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/2b188454-3549-517f-64ac-5a4e4c600b2d returns this record as JSON. POST /v1/companies/enrich returns every signal for concentrix.com.

{
  "signal_id": "2b188454-3549-517f-64ac-5a4e4c600b2d",
  "signal_type": "news",
  "signal_subtype": "decreases_headcount_by",
  "detected_at": "2026-08-19T07:03:47+00:00",
  "company": {
    "name": "Concentrix",
    "domain": "concentrix.com"
  },
  "data": {
    "url": "https://eng.lsm.lv/article/economy/employment/08.07.2026-daugavpils-faces-mass-layoffs.a654264/",
    "title": "Daugavpils faces mass layoffs / Article - LSM",
    "excerpt": "A subsidiary of “Latvian Railways,” the freight carrier “LDZ Cargo,” will begin staff reductions in the city, while the international digital services company “Concentrix,” formerly known as “WebHelp,” will completely cease operations in Daugavpils. The city’s mayor calls this a tragedy. In May, the unemployment rate in Daugavpils reached 6%. A total of 2,480 people were registered as unemployed. The latest news is even less encouraging, as the ranks of the unemployed will only grow. Citing trade secrets, the State Employment Agency refused to tell Latvian Public Media (LSM) whether it had received any notifications of mass layoffs. However, layoffs are coming, and they will affect two companies at once. The first of these is the state-owned company “LDZ Cargo,” which is engaged in rail freight transport. The volume of freight continues to decline – in the first quarter of this year, it fell by 18%. The company has confirmed the layoffs. “We confirm that ‘LDZ Cargo’ has decided to initiate a collective layoff process in 2026, reducing the number of employees, with plans to begin on August 1 of this year. “LDZ Cargo” is aware that this is a socially very sensitive and complex process, especially in regions where the company has historically played a significant role in employment,” the company stated. The reasons for the layoffs include the geopolitical situation, sanctions...",
    "summary": "Concentrix will lay off more than 100 employees as it ceases operations in Daugavpils, Latvia.",
    "location": "Daugavpils, Latvia",
    "planning": false,
    "headcount": 100,
    "image_url": "https://static.lsm.lv/media/2026/07/large/1/tp8c.jpg",
    "confidence": 0.9,
    "published_at": "2026-08-19T07:03:47Z",
    "location_data": [
      {
        "city": "Daugavpils",
        "region": "Northern Europe",
        "country": "Latvia",
        "continent": "Europe",
        "fuzzy_match": false
      }
    ],
    "effective_date": "2026-10-01",
    "article_sentence": "More than 100 employees will lose their jobs at the company."
  }
}

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