DUBLIN: Ireland has a strong pipeline of investments from foreign-owned multinationals and expects many positive announcements in the coming months, Deputy Prime Minister Leo Varadkar said on Monday, looking to ease fears around tech-sector jobs cuts.
However, digital payments firm Stripe and Twitter, both of whom employ around 500 in Ireland, announced layoffs last week and the Wall Street Journal reported on Sunday that Facebook parent Meta Platforms Inc plans to begin large-scale layoffs this week. "There is a strong pipeline of new investments from overseas and within Ireland in a range of sectors including tech and in other sectors and we expect many positive announcements in the coming months," Varadkar, who is also the country's enterprise minister, said in a statement.