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Job losses in Ireland - Megathread

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  • Registered Users Posts: 12,735 ✭✭✭✭The Nal


    Short term. Theres a Microsoft price hike coming in April. Theyll be hiring again in Q4.



  • Registered Users Posts: 2,395 ✭✭✭tinytobe


    It's possible. Microsoft is also a strong company. However they might find it difficult to attract international employees to relocate to Dublin with no housing available.



  • Registered Users Posts: 118 ✭✭Annascaul


    Microsoft Ireland in Dublin would hire you if they are in a good business mood, blind you with that shiny new office in Leopardstown near the racecourse and a good looking salary which in reality just gets you a room in a shared apartment with total strangers, and they fire you again, when they are in a bad business mood. This is sadly irrespective if you're good at your job or not.



  • Registered Users Posts: 2,395 ✭✭✭tinytobe


    Salesforce.com seem to be in a similar situation regarding layoffs. However they are not as shiny and flashy as the Microsoft presence.

    Salesforce.com was actually a quite good and stable employer in Dublin. A bit self centered and self important, but good and stable in terms of product development and employment stability.



  • Registered Users Posts: 13,186 ✭✭✭✭jmayo


    Just wait until they start charging for Teams.

    Sooner or later someone in finance is going to realise the cash cow they are passing up on, now that they have hooked half the world on the thing.

    The amount they spent on that is chicken feed.

    Any of these companies could up sticks in the morning and set up somewhere else.

    Now the likes of pharma or Intel invest more and it takes way longer for them to setup elsewhere.

    I am not allowed discuss …



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  • Registered Users Posts: 12,735 ✭✭✭✭The Nal


    Theyve started charging now. Those lockdown exploratory licenses are dying.



  • Registered Users Posts: 2,395 ✭✭✭tinytobe


    How quickly could you recon, Microsoft could close their offices and move to somewhere else?

    I suspect they won't be able to re-hire in Dublin that easily after the layoffs, given the housing crisis? And corporation tax is no longer 12 percent, I think?

    If Brexit UK is no choice, how about Benelux? It's international enough to attract talent, I'd say.



  • Posts: 0 [Deleted User]


    The thing about those new buildings companies have invested in they are assets and they can likely recoup most of the cost if not make a profit if they decide to move out. A shiny new building in Dublin is not nearly the commitment to Ireland they would have you believe. It’s almost zero risk for them



  • Registered Users Posts: 5,238 ✭✭✭Widdensushi


    Supply and demand surely, with more WFH I don't think the demand is there,if the use terms could be changed then they would be valuable,if they have to stay as offices who would buy now.



  • Registered Users Posts: 12,851 ✭✭✭✭average_runner


    Their new office is amazing!! Again they only letting mainly sales and support go, keeping their developers(the good ones)



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  • Registered Users Posts: 12,851 ✭✭✭✭average_runner


    Microsoft always lets staff go every year, its their way of getting rid of the deadwood. They will hire the talent no problem because the top devs are still living in Dublin



  • Posts: 0 [Deleted User]


    I agree the demand for office space is not what it was and of course a lot of these builds were planned and started before the pandemic so perhaps it wasn’t as safe as they expected.

    However with the tax breaks and grants these companies got for building I doubt they’d make much of a loss if any. Compared to the overall wealth of these companies it’s not a major factor.

    I guess what I’m trying to say is these buildings are unlikely to affect the strategic decisions regarding staying in Ireland or not.



  • Administrators Posts: 53,764 Admin ✭✭✭✭✭awec


    MNCs tend not to own their buildings, even the ones they build themselves.

    They sell them off to a fund and then lease them back.



  • Registered Users Posts: 2,395 ✭✭✭tinytobe


    Not certain, how they do that. I suppose if it's real deadwood it makes sense to fire them. However in the current case it's the company's performance, or lack of it for the layoffs. International sales roles and customer success roles have been reduced. People do find different jobs, often somewhere else. It'll be hard to attract them to Dublin where shared housing with strangers is reality.

    The way the Irish government is treating those international IT companies in Ireland, I would suspect that these companies do have the upper hand, and the government is just out to create a favourable environment for them. Better an income of low corporation tax than nothing at all. Also they are seen as a success of Ireland.

    Even after the pandemic, working only 2 or 3 days of the week in the office seems to be the reality in the IT sector. Provided that one doesn't have to be physically on site to perform the job. Thus less space is required as it used to be.


    I don't know if Microsoft really owns that new office in Leopardstown. It's possible that Microsoft sold that office to some fund and is now leasing it back for a certain amount of years. I also think they were renting out office space to others like Arvato Systems or Salesforce in their older office on Blackthorn Road near the LUAS Sandyford depot. Who owns that building now, I don't know.

    Oracle Ireland doesn't own the office in East Wall. With IBM Mulhuddart I would suspect they own this site, as they have been there very long, but that doesn't mean anything.

    Post edited by tinytobe on


  • Registered Users Posts: 118 ✭✭Annascaul


    As far as I know Microsoft really owns the office in Leopardstown. They had a lease on the other office near the Sandyford LUAS depot.

    Microsoft didn't only fire deadwood but also qualified Microsoft Azure specialists in sales and customer success as well as pre-sales. The reason was their own economic performance.

    They also have issues attracting international candidates from mainland Europe due to the housing situation in Dublin. Thus, international jobs with foreign language skills are often having the choice between staying in their own country or Dublin, - they often decide for the first option.

    Real talent with professional knowledge is also often choosy on where they go and what they do. A city the size of Dublin doesn't justify shared living quarters to them. This would be New York or cities of a similar size to these kind of candidates.

    This doesn't only apply to Microsoft, also the likes of Google/Alphabet, Meta/Facebook and Salesforce.com have that challenge.



  • Registered Users Posts: 12,735 ✭✭✭✭The Nal


    Dell doing their every couple of years cutting 5% of jobs craic. Be a few hundred gone in Ireland out of that. And then they'll hire people for all these jobs again in a few quarters.



  • Moderators, Politics Moderators, Social & Fun Moderators Posts: 15,471 Mod ✭✭✭✭Quin_Dub


    Some will go in Ireland for Dell, but it won't be "hundreds".

    5% in Ireland would be about 250, it won't be anything like that number.

    So far none of the MNCs that have announced cuts have been anywhere close to the headline percentage reduction numbers in Ireland.



  • Registered Users Posts: 68,691 ✭✭✭✭L1011


    Slowdown in PC sales has bog all impact on what Dell does here now.



  • Registered Users Posts: 2,344 ✭✭✭landofthetree


    March 14 (Reuters) - Facebook-parent Meta Platforms (META.O) said on Tuesday it would cut 10,000 jobs, just four months after it let go 11,000 employees, the first Big Tech company to announce a second round of mass layoffs.

    "We expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven’t yet hired," Chief Executive Officer Mark Zuckerberg said in a message to staff.


    Looks like more tech jobs gone in Dublin.



  • Registered Users Posts: 12,851 ✭✭✭✭average_runner


    Not necessary tech jobs, sales aren't tech jobs, call centre is not tech jobs.

    The market is still hot for developers out there



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  • Registered Users Posts: 1,618 ✭✭✭thinkabouit


    The bones 20000 people gone?

    wht did 20000 people do for work everyday in Facebook?



  • Registered Users Posts: 12,735 ✭✭✭✭The Nal




  • Registered Users Posts: 1,618 ✭✭✭thinkabouit




  • Registered Users Posts: 3,449 ✭✭✭BlueSkyDreams


    Only 350 in Ireland gone out of 11000 globally in the first cut, so a similar number again from 10000 would be about 320 in ireland.

    Total of 670 out of over 3000 staff before the cuts.

    So still about 2,300- 2,400 full time staff plus the 6000 contractors unaffected in first cut at least.

    Hopefully the 320ish is about right for Ireland.

    That isnt too bad and probably rightsizes the ops back to where they were in 2019.





  • I believe Sony in Japan did this also. Sold their HQ when they were stuck for cash and rent it now from the buyer.

    It’s like a secured loan almost you’re paying back what you were given in the form of rent & lord knows if they find a few million quid behind the sofa they’ll just buy the building back.



  • Moderators, Politics Moderators, Social & Fun Moderators Posts: 15,471 Mod ✭✭✭✭Quin_Dub


    That isnt too bad and probably rightsizes the ops back to where they were in 2019.

    That's a key point here - Even with laying off 20k+ people they are still around the level of staff they had in 2019.

    Meta along with several other companies went absolutely crazy hiring in 2020/2021 somehow believing that the artificial bubble in IT spend caused by Covid was the new normal for the Industry.

    If you actually look at revenues etc. the vast majority of companies are running at rates above where they were in 2019 , but below the "bubble" level and it's all those companies that didn't recognise that it was a short term bubble that are laying off large numbers of staff.



  • Registered Users Posts: 34,706 ✭✭✭✭Hotblack Desiato


    Plus there's Meta's brainless underpants gnome strategy:

    Blow billions on the 'metaverse'

    ?????

    Profit!

    Fingal County Council are certainly not competent to be making decisions about the most important piece of infrastructure on the island. They need to stick to badly designed cycle lanes and deciding on whether Mrs Murphy can have her kitchen extension.



  • Registered Users Posts: 12,735 ✭✭✭✭The Nal


    Another 490 jobs gone from that sh1tshow of a company




  • Registered Users Posts: 483 ✭✭hymenelectra


    The penny is dropping on practically this entire sector around the world.

    An army of people paid outrageous salaries to effectively sit around dreaming up ways to steal people's privacy to then sell advertising space, while the companies themselves filter the money through one tax haven after another.

    An economic disaster (not to mention environmental disaster to keep these "data" centres running).

    What a boon.



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  • Registered Users Posts: 3,449 ✭✭✭BlueSkyDreams


    Theres still 2000 after all 3 rounds of cuts (down from 2600) full time staff plus all the contractors in Dublin and we need the good jobs.

    They only had 1300 Full time staff at the end of 2019, so they still have grown considerably in the last 3 years.

    If they werent here, they would be somewhere else. They wouldnt dissapear.

    Is Cork reality labs affected does anyone know?

    What impact to the contractors in Dublin whom outnumber the full time staff anyway?

    I think this more of a rightsizing after covid inflated ad revenue (plus metaverse flop - although i dont think that duckling is dead yet)



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