Irish Examiner view: Assessing damage to Ireland Inc

Tech sector in trouble

The situation at Twitter appears chaotic with sacked employees being asked to rejoin.

Not so long ago, it seemed that the tech sector was an unbreakable, unstoppable, and invincible force. It does not look quite so imposing today.

With social network giant Twitter slashing jobs globally and in a seemingly arbitrary manner, with little concern for regulatory responsibility, and payments company Stripe also announcing workforce cutbacks, the Government is getting jittery that this country’s position high on the hog of the multinational tech sphere is in jeopardy.