Job losses in Ireland - Megathread

It is still incredibly difficult to hire experienced ICT resources. The wage inflation for ICT resources is phenomenal. Companies will go thru a boom-bust cycle too but ICT resource numbers in general will increase for many years. And yet they are still way cheaper than US counterparts.

Yes this is very true especially when there is a resource shortage. Managers love an opportunity to trim the fat and refocus efforts.

Same poster opened another thread today along the exact same thought process except it's even more thinly connected to Ireland:

One can practically hear them breathing heavily as they fantasise about thousands more people on the dole. Rubbing their hands with glee at the extra burden on the tax payer (Of which, I assume they are...... ahem). Phwoarrrrr!!!!!!

It's almost like they want all these "tech bros" to be unemployed so that housing prices crash.......... Sounds familiar.

You would expect that since last time, which wasn't so long ago, people have learned that a significant recession in one industry always spills over to every part of the economy.

Do you have a link for IDA flagging SF ?

How do you mean people "feel they have been totally left behind by the economic system"? That is exactly what has happened, they have been. People probably wouldn't be so gung ho into "burning it all into the ground" if there was actually some semblance of justice executed on top of the financial institutions that allowed the 2008 meltdown to occur. Nothing happened, nobody was prosecuted on any criminal offence, nobody was jailed, they were all bailed out and basically told to carry on, and you wonder why people are angry doing 'protest votes' against the same establishments that allowed this to happen?

I don't think that's true at all, the lack of prosecutions in the finance sector has nothing to do with this desire for a razing of the tech sector.

The rise against tech in Dublin is stoked by two factors imo. Their presence along with their highly paid largely imported workforce has pushed workers on ordinary salaries out of their own city. And this isn't rooted in racism or xenophobia either, just a desire to return to affordability in housing. If there was enough for everyone this wouldn't be a problem.

Secondly, and more broadly, the ever increasing unease about the power of big tech has to be driving this too. There are lots out there that would like to see these companies humbled somewhat.

The problem though is that the state is now addicted to these revenues and the loss of tech would result in another collapse in public finances. It won't be policy changes that make things more equitable.

Sounds to me like you are blaming the people for deciding to envoke some sort of "protest vote" by voting for Sinn Fein. You claim ordinary people want to "burn it all down to the ground", no? My point is, the ground for them has already been burnt, ordinary people have realised the game is rigged, and not in our favour, yet we are the ones who ultimately have to pay for it. Voting is the last option left, yet you seem surprised people will rush to vote for anybody else who wasn't involved in the operation to literally burn everything to the ground back in 2008.

I've noticed the largest job cuts seem to be coming from the saas companies that have an inflated valuation based on successful funding rounds before the product sales can match it, or in some cases the product is even released.

I work for a US company with a tech hub based in Ireland and the word on the grapevine is that it's become cheaper to run the Ireland office due to the dollar against the euro etc, combined with the fact that the company takes it's revenue from hard sales (not software) and doesn't rely on outside investment to keep the lights on.

Hard to know what the next couple of years will look like but I can't see it being so dramatic that Dublin rents and house prices collapse (or at least if it does happen I don't think it'll be caused by a short term decline in tech)

Ahh right apologies Jim, but my main point still stands in regards my first post, I do not believe there would have been the general level of righteous anger towards the establishment, its corporate allies and the financial institutions that we are currently seeing in our part of the world from ordinary people if justice was served on the numerous corrupt and fraudulent corporate and financial institutions that basically got off scott free with no penalty whatsoever back in 08. Like you say, ordinary people are locked out of ever owning a home, yet the institutions that pushed the fraudulent criminal narrative are locked out of nothing.