20.300 posti di lavoro persi nel settore tecnologico irlandese nei primi 3 mesi dell’anno
20,300 jobs lost in Ireland’s tech industry in 1st 3 months of the year
di leavemealonethanks
20.300 posti di lavoro persi nel settore tecnologico irlandese nei primi 3 mesi dell’anno
20,300 jobs lost in Ireland’s tech industry in 1st 3 months of the year
di leavemealonethanks
33 commenti
This will massively impact the income tax take, giving government perfect excuse to not to adjust tax brackets once again.
This actually an enormous figure, it’s about 12% of those in tech (there was 170000 total)
It hasn’t translated over to unemployment figures though, I wonder why? There was a 14% increase in number of people unemployed in April though.
These workers pay huge amounts of tax, its an area the gov will have to keep an eye on.
I wonder how this will effect the larger economy? We have already seen it with Covelan letting go of 700+ who were working with Meta. I’m thinking the Auxiliary services around them.
Funnily I was walking through the IFSC from Connolly to the Point Square as the Luas wasn’t coming.
I noticed the massively amount of Vacant buildings.
It’s also going to be having a significant impact on house sales from what I understand
Friend of mine has just had his mortgage approval revoked because his job is considered precarious
And still 1000s of people from a certain country in Asia flocking here to study tech and try get a foothold in the industry.
As I keep saying, Ireland in a recession/depression and rising inflation
Its stagflation.
Good to see our regular expert on all things IT, Peader Toibin, getting his say in again.
It’s felt like a bloodbath lately. Even talking to friends who haven’t been affected a few feel like the writing’s on the wall. Mid-level is precarious enough, one guy who’s a bit higher up reckons he’ll have to pretty much change role a couple of times in the next few years with quickly things are changing.
The likes of certain financial companies are stable enough. Large codebases interacted with by lots of people where compliance is massively important should be fairly stable for a little while yet.
While all the talk is about AI taking away jobs in the tech sector, it’s becoming clear to anyone who uses AI day-to-day that AI is going to lead to job increases; there’s now a whole new area of technology that still needs to humans to manage and run it.
And the fact that you can get things done faster doesn’t mean you need less people. It just means you do more things.
The “AI” job losses at the moment are just tech companies in their annual, “Reduce headcount to pump up the share price” phase, and “we are more efficient due to AI” is great positive messaging for shareholders.
I work for a multi national as a software dev, it’s the most stressful time in my 15 years.
It’s scary honestly.
I’d love to work for a European based IT company but with so much uncertainty it’s hard to know what to do other than carry on.
Oh boy. That’s pretty fucking bad lol
Holy shit, that’s waaaay worse than I thought.
Ok so how many of this happens every year as part of their 10% cuts?
Any word on how many were created?
Are those the Irish, or the expats?
Beyond all else, it’s absolutely insane to me how much money is being paid to people whose job can feasibly done by AI. It all feels like the end of a pyramid scheme.
We’re forgetting those from 2025 or before.
As a software engineer, the uncertainty within tech right now is real.
The AI tech is still in its infancy which alot of people seem to miss, we get a new toy and adapt super quickly, a year or 2 ago we had LLMs that were generating random garbage and could do a tiny piece of your work or replace a search engine. We all said it won’t replace people. Now we have agents that we need to supervise and steer. At some point not far in the distant future we’ll have agents who won’t need any more supervision than a mid level employee, eventually senior.
Capitalism will capitalism, corporations only really care about the bottom line. A good senior software engineer + AI, even right now, is better value than a couple of mediocre engineers and costs a hell of a lot less.
There is so much investment going into the infrastructure build out to support the future of “agentification” of EVERYTHING that can be done on a computer.
Most office jobs that mainly need humans clicking around on software and typing will be impacted over the next couple of years one way or another.
Likely the “replacement” of people will happen prematurely and mistakes will be made along the way. Considering the supply for tech jobs right now is way higher than the demand, that likely won’t be a major short term issue for companies if they need to rehire.
It’s hard to see how there will be a need for as many or more jobs in the future. Scary times ahead for office jobs, and for the economy in general.
You’d hope that introduction of AI and productivity boosting tools would lead to less working hours and better work life balance, but the opposite seems to be happening, along with people outright becoming unemployed.
Sorry for the doom. I hope my perspective is delusional.
I am one of those, at least my package was half decent.
is that 2 years of IT sciences college supply just thrown on the market?
Fintech here and just laid off this month. My team’s job function has been offshored to Mumbai, supported by the AI tool we spent the last few years feeding our knowledge and content to.
I’m one of those laid off, moving back home
Watch how we continue to operate as a tax shelter while the number of Irish employees dwindle.
Damn, should have learned to code
Remember a few years ago when all those miners in the US were losing their jobs, and they were told “learn to code”. What’s would the equivalent useless advice be for those in the tech sector loosing their job?
Ok lots of doom and gloom here. I work as senior dev at an established tech startup in Dublin and yes we’re hiring and growing. There are lots of companies doing well because of AI and data. I’ve just got 4.5x mortgage approval and buying a home now. None of my tech friends have been fired from their jobs – we’re all seniors though.
Also the article itself is misaligned. The losses aren’t necessarily because is replacing jobs – it’s just that AI companies need to reduce costs to justify their expenditures on AI data centers. So they cut corners not replace people with robots
Yeah folks discovering that it’s cheaper to do IT from Channai, India.
I know many in this place, Ireland is nothing without the tax from these kind of people and this industry, scary time for the country
That’s a lot of income tax.
Ya but some of this is still unwinding a crazy covid period where that sector saw crazy surge in hiring and wages. I think if you zoomed out the sector os still doing really strong. But ya if I was someone who saw massive pay rises during covid and overpaid then likely being targeted now
Scary times ahead for tech
Getting someone from Bank of Ireland to give insight into the Irish tech industry is hilarious
A company that wasted billions on a core banking system they had to scrap and can’t wipe their own arses without asking Accenture
Jobs come and go, that’s tech, companies had too heavy staff levels post covid and that’s been going on a few years with people leaving naturally and not getting replaced, it seems some companies just had enough and cut the cord
But early to get all up in arms about it
My husband was one of these and it wasn’t his first time either. Tech jobs are so fragile
Isn’t Ireland tech industry mostly a front to evade taxes?