EKWB to Cut Workforce by 25% as Watercooling Sales Plummet

EKWB to Cut Workforce by 25% as Watercooling Sales Plummet

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In a statement and interview provided to TechPowerUp, watercooling specialist EK Waterblocks has announced a severe, 25% cut to its workforce. Citing lower than expected sales volume for watercooling components, around 60 of its current 200 employees based in Slovenia, the company’s home base, will be dismissed. In addition, the company’s 1Q2022 report outlines a 20% reduction to its quarterly earnings since October 2021, a far cry from the company’s 30% growth between 2020 and 2021.

The move stands as a step back for the company, resetting its 2021 development, which led to the addition of 64 employees to its roster thanks to five consecutive years of sustainable revenue growth. EKWB even received the Golden Gazelle Award by the Slovenian chamber of commerce to recognize its management success.



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