Tech layoffs: The growing list of firms reducing their headcounts in Ireland

As tech giants saw demand skyrocket during the pandemic, many embarked on sizeable hiring sprees based on overly optimistic forecasts 

The Meta Office in Dublin where up to 350 jobs are currently at stake. Picture: Leah Farrell / RollingNews.ie

Widespread layoffs that began in 2022 are continuing into the new year, with announcements as recent as this week reigniting fears for the future of Ireland's tech sector.

As tech giants saw demand skyrocket during the Covid pandemic, many embarked on sizeable hiring sprees only to later admit that their additional headcounts did not match their future revenue, with many overestimating their growth forecasts for 2022.