Japanese digital transformation consulting and software company Monstarlab is winding up its UK subsidiary. Monstarlab listed on the Tokyo Stock Exchange in 2023, but announced in August 2024 that due to significant solvency issues with growing losses and negative net assets, it would start on headcount reduction and other cost cutting.
Monstarlab acquired Danish mobile app company Nodes in 2017, and through it their operations in the UK and elsewhere in Europe. Their UK operations in London and Newcastle have around 30 staff, far short of the 100 promised when the Newcastle office was opened in 2021.
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