BrainRocket Ceases Cyprus Operations, Closes Limassol Offices, Employees Offered Relocation
PublishedEditorial policy
Tech company BrainRocket has ceased all operations in Cyprus, closing both of its Limassol offices over the past month. Remaining employees have been offered relocation abroad, marking a complete withdrawal from the island by one of its major tech employers.
Key takeaways
- BrainRocket employees must choose between relocating with the company or seeking new employment opportunities within Cyprus.
- The exit of a major tech employer could indicate potential economic or operational challenges for other technology companies operating on the island.
- Limassol's office space market will see increased availability, and IT specialists may become more accessible to other companies looking to hire.
BrainRocket Withdraws from Cyprus
BrainRocket, a significant technology employer on the island, has concluded its operations in Cyprus. Over the last month, the company closed both of its leased office premises in Limassol, signaling its complete withdrawal from the country.
Employees who remained with BrainRocket have been presented with options for relocation abroad. This move signifies a definitive end to the company's physical presence in Cyprus.
The departure of BrainRocket is expected to impact Cyprus's IT sector. A notable number of skilled professionals are now available in the job market, and the demand for office spaces in Limassol is likely to shift. While new vacancies may emerge, the competition for IT roles could also intensify.
Sources
Based on Emigro corridor reporting. Primary links below.
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