Twitter

Type
Internal restructuring
Country
Ireland
Region
Southern and Eastern; Dublin;
Location of affected unit(s)
Dublin
Sector
Information / Communication
Information Service Activities
Information Service Activities
63.9 - Other information service activities
140 jobs
Number of planned job losses
Job loss
Announcement Date
3 November 2022
Employment effect (start)
2 November 2022
Foreseen end date

Description

The American multinational social media company, Twitter, has announced it will cut 140 jobs in Ireland as part of the company’s global job cuts. About 500 people are employed by Twitter in Ireland. In early November, Twitter’s new owner, Elon Musk, announced that half of the company’s 7500 employees would be made redundant immediately.

As the new acting CEO, Elon Musk has announced the restructuring will also involve the closure of offices in Japan, New Zealand, South Korea, Spain, Germany, and Holland.

The global restructuring in 2022 has been recorded in the ERM Events database, approximately 3800 employees are expected to be let go (Twitter-2022-WO).

Sources

Citation

Eurofound (2022), Twitter, Internal restructuring in Ireland, factsheet number 107893, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/107893.