Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Meta, the US-based parent company of Facebook, Instagram and Whatsapp, will cut around 320 jobs at Meta's Irish operation. It is understood the redundancies will impact a number of teams including finance, sales, marketing, analytics, operations and engineering. This cuts will be part of a global restructuring plan which will cut 10,000 jobs from its workforce (Meta-2022-WO).
The company employed around 2,800 people in Ireland prior to the redundancies. Meta will continue to base its international headquarters in Ireland.
Eurofound (2022), Meta , Internal restructuring in Ireland, factsheet number 109143, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/109143.