Ireland still has ‘competitive advantage’ in the ICT sector

However, over-reliance on investment from the US leaves country exposed

Ireland’s technology sector has been hit by a slew of job losses over recent weeks with Twitter, Meta, Stripe, Salesforce and Zendesk all announcing cuts. Picture: Getty

Overseas investment in Ireland is more resilient than in other countries with international firms less likely to leave, a leading researcher has said.

Martin Wermelinger, the author of the recent OECD FDI Qualities Assessment of Ireland report, said that while recent job losses in the technology sector were a concern for Ireland, the country typically tended to retain a greater share of overseas investment.

He said this was down, in part, to the country’s favourable ...