A Shannon recruiter believes the ‘big reset’ happening across the tech sector is ‘absolutely necessary’.
It comes as the State braces itself for a drop in corporation tax receipts following layoffs in the industry.
Twitter, Stripe and Meta have announced hundreds of job layoffs across Ireland in the past week or so, plunging the future of the growth of the tech sector here into doubt.
It’s understood Government sources are fearing a ‘gradual rot’ in the sector over the medium term amid continued economic concerns across the globe.
While it’s not expected any concerns will filter into the tech industry here in county Clare, there are fears it may put a dent in the Government’s future corporation tax take.
Profits from the top ten companies in Ireland, a number of which are in the tech sector, contributed to multi-billion euro cost of living measures announced in Budget 2023.
Assistant Professor of Social Policy at UCD and Ennis native Micheál Collins says the economy is starting from a high base.
A Shannon-based recruitment expert says a resetting of the industry is necessary for it to survive.
Joe Robbins of Careerwise Recruitment claims salaries in the tech sector were getting out of hand during the pandemic.
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Clarecastle Deputy Joe Carey is lobbying his party colleagues to provide further support for family-owned businesses to ensure they can withstand the current crisis.
