Around 350 Irish jobs at risk as Facebook owner Meta announces cuts

About 350 Meta jobs in Ireland are at risk in what the Irish government sees as a “shrinkage” of the lucrative tech sector.

Employees of Meta, Facebook’s parent company, were reluctant to speak to media gathered outside the tech giant’s European headquarters in Dublin about the confirmation of thousands of job cuts.

People leaving the Grand Canal Dock building declined to give their reaction to the fact that 11,000 workers worldwide have been made redundant.

It is understood that the redundancies in Meta’s operations in Ireland will be in line with the global workforce reduction of 13%, with people familiar with the process suggesting that 350 jobs are at risk.

A steady stream of people were seen entering and leaving Meta headquarters on Wednesday afternoon, but none answered questions, including whether employees had been advised not to speak to reporters.

Irish law requires a process of information and consultation with employee representatives to be carried out at least 30 days before notice of redundancy is given, with ‘enhanced exit’ or redundancy packages offered in most cases.

Employees were told throughout the day that their roles were potentially at risk, with more specific numbers expected at the end of the consultation process.

Ireland’s Deputy Leader Leo Varadkar has briefed his Cabinet colleagues on the latest job losses in the tech sector, after Twitter and Stripe announced cuts to their workforces last week.

Mr Varadkar told ministers on Wednesday that this should not be seen as a major crisis in the technology sector, but rather as a downsizing after years of phenomenal growth.

The Minister for Tanaiste and Enterprise said the companies have given assurances that legal procedures will be followed.

He also said that staff who have lost their jobs will be offered government assistance to find another job, start their own business or go back to school.

The Irish government expects its tax revenue to suffer due to the loss of high-paying jobs.

Despite warnings about the Irish Treasury’s overreliance on corporation tax paid by several multinational tech giants with European headquarters in Dublin, the Irish government has indicated that it is not too dependent on a single sector of its economy.

Meta said it informed the Department of the Taoiseach, the Department of Enterprise and Ireland’s foreign investment agency, IDA, of the planned redundancies.

He also said the “restructuring” announced by chief executive Mark Zuckerberg would not impact Ireland’s status or “long-term investment plans” in Ireland.

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