Belgian Unicorn

Proximus Plans 1,200 Job Cuts by 2030 as AI-Led Cost Reforms Accelerate

Proximus, a Belgian company, plans to implement an AI-driven efficiency program that includes the elimination of 1,200 positions by 2030. In addition to halving its dividend, this action has alarmed investors, causing a precipitous decline in the stock price. Reducing staff-related expenses is the primary goal of the wider

Odoo S.A. Announces a $526 Million Transaction, Increasing the Belgian Unicorn’s Valuation to €5.26 Billion

Louvain-la-Neuve (Belgium) [Europe], December 2: Odoo S.A., a leading provider of integrated business software, today announced a $526 million transaction led by CapitalG and Sequoia Capital, with participation from BlackRock, Mubadala Investment Company, HarbourVest Partners, AVP, and Alkeon. This secondary capital transaction reflects strong confidence in the company’s