What the most recent tech cuts and bank runs could mean for Ireland

With Amazon announcing a further nine thousand jobs job cuts this week, and Workhuman’s plans to reduce its global workforce by 10%, it could be many weeks or even months before we learn how many Irish roles will be affected.

Business and technology journalist, Ciara O’Brien, analyses the latest retrenchment in the tech sector. She also examines the innovation that may arise in the indigenous market as a result, and the potential bounce for smaller tech companies and startups.

Business reporter, Ian Curran, outlines the potential risk of contagion following the bailout of Credit Suisse and the collapse of Silvergate, Silicon Valley Bank and Signature Bank in the US.

Markets have reacted well to the Swiss deal but the wiping out of AT1 bonds, a key source of funding for Irish banks, could have implications here.