Courts / Ireland / Report

Start-up CEO says staff will be let go if funding isn't secured

Summary

In a hearing before the Workplace Relations Commission, John Maguire, chief executive of TripAdmit Ltd, explained that the travel‑technology start‑up, founded in 2019, has cut its workforce from 14 to seven employees due to a lack of investment funding. He said that if further funding cannot be secured, the remaining staff will also be let go. Maguire described the company's financial position, noting that it is loss‑making and that it has no HR department. He stated that Graziano D'Amato, a senior account manager who was dismissed in May 2023, was the first employee to be let go because his sales performance did not meet the company's aggressive targets. D'Amato claimed that the dismissal letter cited poor customer performance rather than his own sales figures. The adjudicator instructed D'Amato to submit evidence of job‑search activity and gave Maguire a deadline to respond. The decision will be issued later.

Who, what, where, when and why

What: Report matter: Start-up CEO says staff will be let go if funding isn't secured. Procedural stage: hearing_or_decision

When:

• May 2023 Other
• March 2023 Other
• September 2021 Other
• 2024-02-15 Publication

Why: It's not because I was not hitting the target," Mr D'Amato said. CNI source report

Topics

Stage Hearing Or Decision

Read the original CNI report