Accenture is planning to cut approximately 890 jobs from its Irish operations as part of a global round of job reductions announced in March. This comes in addition to the 400 staff that were already let go earlier in the year.
The 1,290 redundancies being sought this year amount to nearly 20% of Accenture’s Irish workforce, a significant figure for one of Ireland’s largest foreign multinational employers with over 6,500 staff.
Ireland, being the European hub for some of the biggest global technology firms, has witnessed a series of job cuts in the IT sector from various companies such as Meta (formerly known as Facebook), Microsoft, Stripe, Google, Salesforce, and X (formerly known as Twitter) over the last year.
Despite the job cuts, Ireland’s information and communication technologies sector saw a growth of 2.7% in the first quarter, which contributed to an overall record-low unemployment rate of 3.8%.
Ireland’s inward investment agency is optimistic that the number of people employed by foreign-owned firms will increase in the coming year, as the tech sector’s job cuts are largely considered to be over.