Irish Tech, Media and Telecoms Hiring Hits 1-Year High as Meta Cuts 350 Jobs
Updated
Updated · The Irish Times · Jun 4
Irish Tech, Media and Telecoms Hiring Hits 1-Year High as Meta Cuts 350 Jobs
1 articles · Updated · The Irish Times · Jun 4
Summary
May hiring in Ireland’s technology, media and telecoms sector rose at the fastest pace in a year, even after Meta cut up to 350 jobs—about 20% of its local workforce.
AIB’s services PMI showed the sector remained the strongest performer, with business activity at 54.1, still above the 50 growth mark despite easing from April alongside slower new-business growth.
Across Irish services, activity returned to expansion at 50.8 from 49.7 in April, while employment also accelerated as firms cited stronger demand expectations, new markets and business development.
Input-cost and selling-price inflation eased from April but stayed relatively high, with companies pointing to fuel, wages, supplier increases and broader geopolitical pressures.
The data offers some relief for Ireland’s tech-heavy economy, where AI-driven restructuring has fueled fears of wider cuts and private warnings that global tech job losses could deepen over the next decade.