Meta

Meta has confirmed it is cutting 11000 jobs across its 87000-person strong global operation, but has not provided a figure for the number of Irish roles ...

The latest worrying job news follows Twitter’s decision last Friday to axe half its global workforce. It has already moved hundreds of staff into its new larger headquarters in Ballsbridge, in south Dublin. “Recruiting will be disproportionately affected since we’re planning to hire fewer people next year. I did too, so I made the decision to significantly increase our investments. "The number of redundancies at Meta Ireland will be similar to the global figure although we won’t be in a position to confirm the final number of redundancies until the collective consultation process is completed. Not only has online commerce returned to prior trends, but the macroeconomic downturn, increased competition, and ads signal loss have caused our revenue to be much lower than I’d expected. We’re also restructuring our business teams more substantially.” However, it is feared that the move by Meta could be the largest in the recent spate of tech job cuts. This announcement impacts Meta employees (3,000 in Ireland). The IDA has told the Government that the extent and number of job losses in the Irish office won’t be clear for a number of weeks. Meta has informed the Department of the Taoiseach, the IDA and the Department of Enterprise, Trade and Employment. “As the location of our international HQ, Ireland is an integral part of our company and our operations,” a spokesperson said.