Employment in IT sector sinks almost by 6,000 as restructurings continue

The CSO report utilises real-time Revenue data to detect trends in the labour mark

Employment in the information and communication sector fell by 4.6 per cent or 5,900 in the 12 months to January

The agency’s monthly estimates of payroll employees, which utilises real-time Revenue data to detect trends in the labour market, indicated that employment in the information and communication sector, which includes global names such as Google, Meta and Stripe, fell by 4.6 per cent or 5,900 in the 12 months to January.

The figures show seasonally adjusted employment in the Republic rose by 1.8 per cent per cent to 2.41 million year on year in January, a period that corresponded with a gradual weakening in the global economy and a slowdown in Irish exports.

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