business

Strong growth, but tech slowdown makes IDA wary of foreign investment prospects

The number of people employed at the agency’s client companies jumped above 300,000, but this does not include recent tech job losses

Meta’s office in Dublin. The company announced job cuts at the start of Noember, with 350 staff expected to be impacted. Picture: Getty

Employment at client companies of the IDA jumped by 9 per cent over the last year, but the body is concerned about what impact the technology slowdown will have on Ireland’s investment prospects.

The IDA, which is responsible for securing foreign investment, said that employment at its client companies rose to 301,475 in the year to the end of October. Of the investments during the year, almost half were from businesses which were not previously ...