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Business – Silicon Republic

IBM to spend $10bn on quantum over five years EU fines Temu €200m for failing to prevent the sale of illegal products Europe rates highly with Dealroom for tech ecosystem density Cork employee experience firm Poppulo bags France’s Sociabble Dropbox founder Drew Houston steps down after 19 years at helm Micron, SK Hynix hit $1trn valuation amid AI chip demand Netherlands blocks Kyndryl’s Solvinity acquisition Opinion: AI transforming how tenders are written but not how they're evaluated Report: Google to receive highest DMA fine over its Search practices Bloomberg: Prosus asks EU to drop forced sale of Delivery Hero stake Cork’s Republic of Work to launch Celtic Link with partner CodeBase Kyran O’Mahoney on the accessibility gap and a new AI tool to solve it WhatsApp ads could make Irish debut after discussions with DPC SpaceX files publicly for what could be largest IPO in history Nvidia posts record $81.6bn Q1 amid AI infrastructure boom Expedia acquires Dublin’s CarTrawler to expand B2B offerings AIB, Bank of Ireland join group pushing for euro stablecoin Roughly 350 Irish employees reportedly impacted by global cuts at Meta Analog Devices buys Empower Semiconductor in $1.5bn deal Samsung strike talks collapse with chip supply chains in the balance Google launches 'biggest' Search revamp in 25 years with Gemini ‘It’s funny, I went from admiring tech companies to helping found one myself’ Irish business leaders more likely than European peers to value empathy in AI Meta reportedly reassigns 7,000 jobs ahead of mass layoffs Samsung strike talks closing as global chip supply chains at risk France's Publicis bags LiveRamp for $2.2bn in agentic push Can EU AI Act actually regulate models like Mythos? Pharmaceutical Takeda to cut 4,500 from global workforce Anthropic sets sights on small business after enterprise push Cerebras Systems IPO set to raise more than $5.5bn LinkedIn announces layoffs: 78 Irish jobs reportedly at risk SETU gets new €11.5m IBM system to boost skill development Meta opens WhatsApp to rival AI chatbots to steer clear of EU ire Alphabet’s Isomorphic Labs raises $2.1bn in Series B funding Anthropic upcoming raise could value it above OpenAI – reports AI layoffs do not result in returns for companies, finds report Quantinuum files for IPO as quantum stocks gain popularity Cloudflare cuts headcount by 20pc for leaner, AI-powered workforce Quantexa opens new Dublin office and R&D centre Major European markets still lagging on salary transparency, finds report Anthropic joins forces with SpaceX for Colossus capacity Coimisiún na Meán opens investigation into Meta’s content promotion Dublin’s GridBeyond to support energy efficiency with new global headquarters Coinbase cuts 14pc of jobs to save costs and embrace AI National research partnership to examine flexible work and Ireland’s economy Anthropic, Blackstone, Goldman Sachs to create AI services company Meta bags Assured Robot Intelligence to further humanoid plans Spotify unveils verified badge to distinguish humans from AI Dublin’s Version 1 to acquire CreateFuture consultancy Apple posts ‘best March quarter’ with iPhone sales up 21.6pc Cork HQ for new onshore renewables company Perigus Energy Meta, Microsoft, Amazon and Alphabet post positive quarterlies Oracle reportedly cutting up to 150 Irish jobs The Leaders’ Room: Boston Scientific’s Sean Gayer on a meaningful mission EU finds Meta not doing enough to keep underage users at bay TSMC $231m share sale marks full exit from UK chip designer Arm Datavant opens new global R&D centre in Galway’s Bonham Quay Revolut plans a physical store in Barcelona Report: Meta to undo Manus acquisition after Chinese block 700 fear job cuts at Meta contractor Covalen China blocks Meta’s $2bn Manus acquisition After Amazon, Google commits up to $40bn in Anthropic Bloomberg: Bezos’ Project Prometheus bags $10bn at $38bn value Meta to lay off 10pc of its workforce amid an AI push Intel’s shares soar as Q1 results signal brighter future OpenAI taps Airbnb exec as first EMEA managing director EAM platform Blue Mountain acquires Cork’s CompuCal Calibration Solutions SpaceX agrees right to buy AI coding darling Cursor for $60bn Amazon investing up to $25bn in Anthropic AI infrastructure deal Tim Cook passes Apple leadership to hardware head John Ternus AIM Centre strengthening medtech and life sciences link with new Galway base Kerry Group expands Cork facility as lactose-free demand grows Netflix shares fall on Q2 forecast as co-founder Hastings steps aside The Leaders' Room: Equinix's Peter Lantry on powering Ireland sustainably ‘No more excuses’ as EU launches free age verification app Snap cuts 16pc workforce to prioritise AI and savings Amazon buys Globalstar to bolster Leo's satellite capabilities ASML forecasts €36bn in 2026 net sales amid AI race chip demand Klaviyo building out its engineering team at Dublin facility UK neobank Monzo makes Irish launch after US market exit Meta to pay CoreWeave $21bn for additional cloud capacity Digital rights group EFF leaves X Alibaba leads $293m round in Chinese AI start-up after HappyHorse reveal OpenAI pauses Stargate UK over energy costs US court won't pause Anthropic ban, but wants case expedited Meath ITAD provider ICT acquired by US recycling firm Paladin FT: Bezos's Project Prometheus taps xAI co-founder Kyle Kosic Irish Government approves ‘next-generation sites’ for industry OpenAI purchases online tech talk show TBPN Capacity and speed: Why TikTok shelved its second Irish data centre SpaceX confidentially files for US IPO – reports Intel repurchasing 49pc stake in Leixlip chip factory for $14.2bn Manna, Neurent, Sisterly among EY Entrepreneur of the Year finalists Apple turns 50: 8 of the company's biggest tech milestones OpenAI closes larger than expected funding round of $122bn Oracle cutting thousands of jobs in round of layoffs – CNBC Wearables company Whoop raises $575m in Series G round West Pharmaceutical opens expanded Dublin manufacturing site Musk’s last xAI co-founder quits before SpaceX IPO: reports Bloomberg: Apple to move away from ChatGPT exclusivity for Siri
Carmaker GM, coding platform GitLab plan hundreds of job cuts
Suhasini Sri · 2026-05-12 · via Business – Silicon Republic

Mary Barra, CEO, chairperson, General Motors. Image: GM

GM, with offices in Dublin and Limerick, is cutting up to 600 jobs globally.

Coding platform GitLab is cutting an undisclosed number of jobs, with further plans to reduce its global operational footprint by up to 30pc.

“This is not an AI optimisation or cost cutting exercise”, said company CEO Bill Stapes. “Operationally, we grew into a shape that was right for the last era and isn’t right for this one,” he added.

According to the company, the restructuring will remove management layers, help reorganise R&D into around 60 small teams and rewire internal processes with AI. The company anticipates cutting its global footprint only in regions it has a “handful of people or fewer”.

The new corporate structure will be revealed by 1 June, while the final scope and financial impact will be shared on the 2 June earnings call, it said.

Currently, the company employs more than 2,500 people across more than 65 countries on a fully remote basis. SiliconRepublic.com has reached GitLab for information on the impact of the layoffs on Ireland-based employees.

Like its much bigger contemporaries, GitLab is integrating AI into code planning, drafting, review, deployment and repair. Human employees, meanwhile, will provide oversight with architecture and directional support, it said.

The latest cuts come after GitLab laid off around 130 workers in 2023 to “withstand the growing global economic downturn”.

The coding platform is only the latest to join a growing list of well-performing tech companies laying off human workers in response to the rising popularity of AI tools at the workplace.

In recent times, Cloudflare cut 20pc its workforceCoinbase cut 14pcMeta, about 8,000 jobsBlock, 4,000 jobs; Oracle, about 10,000; Amazon, 30,000Atlassian, 10pc of its workforce; and Snap, about 16pc – with the trend largely attributed to changing technology at the workplace.

GM to cut up to 600 jobs

General Motors (GM) has begun cutting around 500 to 600 salaried IT employees, sources told Bloomberg news yesterday (11 May).

According to the company, the reductions are to transform its IT department to better position the company for the future. Bloomberg reported that GM has already been making changes to its IT section by integrating more computing and software capabilities to its cars and using AI in its operations.

GM has two ‘Global Information Technology’ sites in Dublin and Limerick. SiliconRepublic.com has queried the company for information on the impact of the layoffs on Ireland-based employees.

The latest layoffs come months after the automaker laid off more than 200 US jobs last October. In the same month, GM notified around 5,500 employees – also in the US – that it was temporarily cutting their jobs, following president Donald Trump’s changes to electric vehicle taxation policies.

In February, GM reportedly cut more than 1,000 jobs at its autonomous vehicle company Cruise after it scrapped plans to fund robotaxi projects. Prior to this, it announced plans to cut 1,000 jobs in 2024.

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