Explainer: Why layoffs at TikTok and other tech firms could be a real problem for Ireland

In an increasingly AI-themed tech world, could multinationals start looking away from Ireland when it comes to their long-term business plans?

TikTok: company is cutting jobs in Ireland as part of a global restructuring. Picture: Bloomberg

So, here we are again.

It’s nearly a year to the day since Simon Coveney, the enterprise minister, said Ireland was “over the worst” of the layoffs imposed by Big Tech companies with major operations in Ireland.

Then, everyone was worried about the situation facing the country amid a wave of job cuts at Google, Microsoft, Meta, Amazon and dozens more.

Ministers were quick to reassure that what looked like a mass retrenchment was instead ...