Image: Shutterstock MINISTER OF STATE for Business, Employment and Retail, Damien English, has said that Twitter hasn’t been in touch with the Department of Enterprise about job losses at its Irish offices.
“Very often these announcements come globally, first of all, and then the details under the requirements for Irish law are what would come into play closer to the time so generally, there would be 30 days before any redundancies would actually happen.” Digital payments giant Stripe, founded by Limerick brothers Patrick and John Collison, also recently announced it would reduce staff.Again, English said that the exact job losses in Ireland were still uncertain although it has been confirmed that the company will reduce staff by 14% internationally, which amounts to approximately 1,000 jobs overall.
The minister continued by saying that many tech companies had overestimated their growth during the pandemic and added recruited more employees than was sustainable. When asked about ensuring that Irish employment law is adhered to, and if not, fines are sufficiently applied, McGrath said the provisions under the employment act are “very clear”.
He said he is confident technology companies operating in Ireland will comply with statutory requirements around the impending redundancies at Twitter and Facebook.