A new data series from the Central Statistics Office , based on Revenue payroll records, shows that employment in the ICT sector increased from 97,800 at the start of 2019 to 123,300 this August.
Facebook, owned by Meta, has also reported strong growth in international hiring and its activities also support many contractors and staff seconded from some professional services firms, as well as wider spending in the economy. Analysts say that the sector has expanded too quickly and is now being forced to contract as the cost-of-living crisis hits consumer spending and economic growth.
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