Company thought to be on verge of announcing global cutbacks via IrishTimesBiz
A spokeswoman for Meta declined to comment on the report. However, chief executive Mark Zuckerberg has previously indicated that the company was planning to narrow its investment focus.
“In 2023, we’re going to focus our investments on a small number of high-priority growth areas,” he said. “So that means some teams will grow meaningfully, but most other teams will stay flat or shrink over the next year. In aggregate, we expect to end 2023 as either roughly the same size, or even a slightly smaller organisation than we are today.”
It is not yet clear how the Irish arm of the company will be impacted by any planned job cuts. However, one area that could be adversely hit are contractors employed through a third party, a workforce that is designed to be scaled up or down according to business needs.Meta has also put the brakes on its campus development in Ballsbridge, pausing the fit-out of its Fibonacci Square building as the pandemic pushed staff to a more flexible work environment.
That phase is due to be completed shortly, with the remaining 1,000 staff based in Meta’s Grand Canal Square office set to move to the Ballsbridge campus early next year.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fears For Further Irish Tech Jobs Losses As Meta Plans CutsThe Tanaiste and Minister for Enterprise, Leo Varadkar, is expected to hold talks with the IDA today as fears mount for yet more Irish tech jobs. Facebook's ...
Read more »
Claim Meta on verge of job cuts, as 3,000 Irish employees may be at riskThe news comes just a short time after Elon Musk laid off thousands of Twitter employees via email
Read more »
Meta: Fears for more tech sector jobs as Facebook plans cutsThere are fears for more jobs in the Irish tech sector, as Facebook and Instagram owner Meta plans cuts.
Read more »
Immense performance from POC's Irish forwards at heart of win over BoksAn immense performance from Paul O'Connell's Irish forward pack was at the heart of the win over the Boks:
Read more »