Connected newsletter: Tech jobs on the rebound with over 500 new roles announced
Connected at the Business Post is your source for the news that matters in technology and innovation, all told from an Irish perspective
Greetings from New York. I’ve been in the Big Apple this week for Irish Start-up Week NYC, a great initiative that is aimed at companies looking to scale in the US. In what was a full schedule, attendees got to hear plenty of good advice from serial entrepreneurs, VC partners and others, in what is the first of what is hoped to be an annual event.
Among those speaking at the event were Oisin Hanrahan and Mike Hanrahan (no relation), who both had fascinating insights on what it takes to build and exit a business.
I’ll have more from Irish Start-up Week NYC in the coming days as well as a full round-up from the event in the next issue of Connected, which comes out later this month.
There was plenty happening close to home meanwhile with more than 500 tech-focused jobs announced locally by among others, Hewlett Packard Enterprise, EY, EXL and Nostra. I’ve a long interview with Kevin O’Loughlin, co-founder and chief executive of Nostra this weekend. Be sure not to miss it.
It wasn’t all good news on the job front as Qualtrics announced layoffs, with Ireland expected to be impacted. In addition, Irish employees at tech giant Google signed a petition over severance deals being offered to employees that are inferior to those previously given to staff leaving the company.
Staying with tech giants, Apple was downgraded at KeyBanc Capital Markets, which said shares of the iPhone maker are trading near all-time high valuation levels though its sales growth is likely to slow.
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Intel, which last week opened its new Fab 34 facility in Leixlip, has called for changes to Ireland’s work permit rules amid staff shortages at the plant. The news came as Pat Gelsinger, the chipmaker’s CEO, said the company was back on track.
Sam Bankman-Fried, the embattled FTX co-founder, was in the media this week as the start of his multibillion-dollar fraud trial began. In other legal news, X, formerly known as Twitter, must pay $1.1 million in legal fees racked up by a group of the social-media platform’s former top executives, a judge ruled.
Meta plans to charge European users for ad-free versions of Facebook and Instagram, according to reports. But it needs to secure permission from the Data Protection Commission to do so.
In the ‘are people really that stupid’ section, government departments were recently warned not to use generative AI tools such as ChatGPT to draft policy or to generate responses to parliamentary questions on behalf of ministers.
DC Cahalane, a well-known person on the start-up scene, announced on Wednesday he is leaving his role as chief marketing officer at Dogpatch Labs to become a venture partner at Sure Valley, the VC firm founded by Barry Downes.
Lastly, Hawk-Eye Innovations, the company that provides goal-line technology for the Premier League, had a rise in turnover from £59.8 million to £62 million last year.
All the best
Charlie
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