Tech

Tech layoffs ‘blip’ in sector’s significant growth in Ireland – IDA director

Mary Buckley says Big Tech have pivoted focus from expansion to profitability, which has squashed recruitment levels

Mary Buckley, executive director at IDA Ireland: “The tech sector is now focusing on profitability as against growth. We're seeing the knock on effect of that, but that is a global phenomenon… It will take time for them to be very, very active again.” Picture: Fergal Phillips

A senior executive at IDA Ireland has said it will “take time” for tech firms to be “very active” recruiting in Ireland again.

In the past year, a string of high-profile tech firms in Ireland, including Google, Stripe and Facebook-owner Meta, have announced job cuts.

Earlier this month, Simon Coveney, the Minister for Enterprise, said the 2 per cent of all roles in the tech sector have been lost since this time last year. He ...