Facebook parent company Meta has announced it will cut over 11,000 jobs across the world.
The multinational giant is set to let go 13% of its workforce in what is being called one of the biggest tech layoffs of the year. The job losses come as the firm reported a fourth weak quarter and around $67 billion was wiped off Meta's stock market value.
Around 3,000 people are directly employed by Meta in Ireland with an additional 6,000 support workers across multiple sites cush as the company's European headquarters, Clonee Data Centre in Meath, and Reality Lab in Cork. It is currently unknown how the job slashes will affect its Irish employees.
Read more: Facebook parent company Meta planning to slash thousands of jobs
Read more: RTE Prime Time viewers praise Sarah McInerney for Leo Varadkar interview
Meta has a total of 87,000 employees worldwide. The news comes after Twitter laid off as many as half of its global workforce last week.
However, several former employees were asked to return after the company claimed they were "fired in error" or were deemed "too essential". Last week online payment company Stripe confirmed that redundancies would commence in an email sent round to its existing workforce.
The company currently employs 8,000 people worldwide, 600 of whom are based in Dublin alone.
Read next:
Gardai launch appeal to find missing 16-year-old girl from Tallaght
Social welfare Ireland: Exact dates college students will receive double payments ahead of Christmas
McDonald's Ireland says its 'cancelling' McFlurry spoon but some fans aren't happy
Met Eireann says sunny spells to give way to rain and wind by afternoon in Dublin
Sign up to the Dublin Live Newsletter to get all the latest Dublin news straight to your inbox.
