Meta Slashes 490 Irish Jobs in Latest Layoffs

Facebook's parent company, Meta, is making waves with the final phase of its three-part job cuts plan, announced back in March. The tech giant is set to eliminate 10,000 positions globally, and the impact is hitting close to home with significant job losses in Ireland.

This week, Taoiseach Leo Varadkar addressed the Dáil, revealing that Meta's social media operations in Ireland would suffer "significant" job losses. The details have now emerged, with the firm's international headquarters in Dublin bearing the brunt of the blow. A staggering 490 jobs will be lost, equating to a 20% reduction in Meta's Irish workforce.

Mr. Varadkar expressed his sympathies, acknowledging the challenging times ahead for affected employees and their families. This news comes as a significant setback for the Irish job market. Meta made headlines by being the first major tech company to initiate a second round of mass layoffs, following the dismissal of over 11,000 employees in the previous autumn. The company's headcount is now back to mid-2021 levels, effectively rolling back the rapid expansion that had doubled its workforce