Fears For Irish Tech Jobs As M...


Fears For Irish Tech Jobs As Meta Expected To Cut Thousands

Emma Tyrrell
Emma Tyrrell

08:56 7 Nov 2022

Share this article

The Tanaiste's expected to hold talks with the IDA today as fears mount for yet more Irish tech jobs.

Facebook's parent company, Meta, is expected to announce this week it's culling thousands of jobs worldwide. That's expected to include the social media firm's Irish workforce of over 3,000.

The Wall Street Journal reports it will be the largest number of lay-offs announced by a tech firm this year.

It comes hot on the heels of Twitter cutting staff at its Dublin office last week, while payments firm Stripe has confirmed it's to let 14% of its staff go.

Editor of Silicon Republic, Elaine Burke, says the leadership of tech companies have realised that their bubble has burst;

"Patrick Collision, CEO of Stripe said the same thing, the CEO of Shopify said something very similar when they let people go pretty much overnight in similar fashion earlier this year as well."

Follow @98FM on Twitter for the latest Dublin news

Share this article

Read more about

Dublin Facebook IDA Jobs Meta Stripe Twitter

You might like