The job losses announced by Meta and Stripe may provide an indication of layoffs across the tech sector.
Inside Business is analysing the impact of the redundancies, announced over the past week, across the wider Irish economy.
After enjoying bumper profits and a surge in recruitment during the pandemic, interest rate rises and the cost of living crisis have finally caught up with the tech giants.
But is the crunch merely a recalibration of the sector or a more foreboding warning of global recession?
READ MORE
Irish taxpayers overpaid by €900 on average last year: Here’s how to get your money back
More than 500,000 workers in Ireland are due tax refunds they have not claimed
EV sales rebound in January but adoption still well off target pace
Dunnes Stores substituted as defendant in case in place of Margaret Heffernan
Ciaran Hancock, Cliff Taylor and Laura Slattery analyse how prepared we are to absorb the losses, what the impact on the commercial property market will be and does the IDA have a Plan B should the multinationals pare back significantly.
