Tech layoffs lead to 2,300 Irish job losses, Central Bank estimates

The tech sector provide 164,000 jobs in Ireland, up by 29% since 2019

Global layoffs by the multinationals so far have had limited effect on the large tech employment pool in Ireland, but illustrate the risks the Irish economy faces in relying on a handful of large companies, the Central Bank has said. 

Its research comes after Google, Meta-owned Facebook, Microsoft, Twitter, Dell, and Hewlett Packard have been among the multinationals to announce jobs losses estimated by the Central Bank to have led to over 2,300 job cuts in Ireland in recent months, as they shrink their global workforces for the first time in many years.