Huge Wave of Layoffs at Századvég
5 Articles
5 Articles
Following the change of government in April, the Századvég group, formerly part of the Fidesz-held court, lost its billion-dollar state contracts, which led to drastic layoffs and a complete transformation of the organization, writes Telex. As of October 1, the research company has permanently abandoned the once iconic Századvég name, and following an internal merger and the dismissal of more than half of its former employees, it continues to op…
Due to "government structural changes", they have downsized their operations, and the brand's previously separate organizations are merging under a new name.
Századvég, one of the most important intellectual and analytical workshops of the Fidesz government period, is undergoing a significant transformation and staff reduction, writes Telex. The organization's support base has practically collapsed: the number of employees has been reduced by more than half, while the name "Századvég", which had become a patina and political brand, has also been completely abandoned.
The Fidesz era's defining analyst base has bid farewell to its iconic brand name and lost more than half of its employees.
They are saying goodbye to the great brand of the Fidesz era and more than half of their employees.
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- 50% of the sources lean Left, 50% of the sources are Center
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