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Portfolio – Silicon Republic

Report: 60pc of large companies report mental health issues among IT workers China blocks Meta’s $2bn Manus acquisition Ireland’s solar sector hits 1GW of energy for first time After Amazon, Google commits up to $40bn in Anthropic Cohere buys Aleph Alpha to forge sovereign AI alternative to US Big Tech 4 easy ways to stay on top of cybersecurity in the workplace 15 companies you’ll see at NIBRT Careers in Biopharma 2026 Bloomberg: Bezos’ Project Prometheus bags $10bn at $38bn value Meta to lay off 10pc of its workforce amid an AI push China's DeepSeek unveils long-awaited V4 AI model Intel’s shares soar as Q1 results signal brighter future MongoDB to create 200 new jobs as it invests €74m into Irish operations Why it's full STEAM ahead for young people upskilling in Ireland's west Swedish legal-tech Legora buys AI legal research start-up Qura Belfast’s Cloudsmith eyes ‘massive growth’ with $72m raise France's Univity raises €27m to allow European telecoms to compete with Starlink AI race intensifies with Google's new agent management platform Government launches new AI initiative for greater access to essential skills Free and inexpensive cybersecurity courses to undertake in 2026 UL looking for ‘changemakers’ amid Research Week 2026 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 Anthropic probing reported Mythos leak on Discord Professional job openings across Ireland increased in Q1, finds report Contract hiring evidence of a cautious jobs market, finds report Can you rely on AI chatbots for medical advice? €6.9m awarded to final four National Challenge Fund winners Amazon investing up to $25bn in Anthropic AI infrastructure deal Vodafone Ireland to invest €360m over the next four years Tim Cook passes Apple leadership to hardware head John Ternus Stripe alum's Seapoint raises €7.5m as ‘financial home’ to start-ups When it comes to leadership, do companies know what they are doing? 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Oracle reportedly cutting up to 150 Irish jobs
Tim Barnwell · 2026-04-30 · via Portfolio – Silicon Republic

The Irish Times reported that cuts would begin ‘in the summer’ and could affect a wide array of role types.

Up to 150 Ireland-based jobs are at risk at US software giant Oracle, amounting to a 16pc reduction of its approximately 900-strong Irish workforce.

As first reported by The Irish Times, Oracle is thought to have begun yesterday (29 April) the required statutory period of consultation with impacted staff following delivery of a notice of collective redundancies to the Department of Enterprise.

The Irish Times wrote that the cuts would begin “in the summer” and could affect an array of roles encompassing engineering and technical, sales, consulting, finance, and administration.

SiliconRepublic.com has contacted Oracle for comment regarding this development.

In early March, reports emerged of Oracle’s intention to cut thousands of jobs globally to funnel funds into its major AI data centre expansion efforts. On the last day of the month, employees reportedly began receiving email notice of their redundancies.

Last September, the company revealed plans for its largest-ever restructuring, set to cost up to $1.6bn. At the time, Oracle’s Irish arm sent a collective redundancy notification to the Government.

Oracle, which employs around 162,000 globally, is one of the world’s largest cloud operators, having cemented itself as a leading AI infrastructure provider to major cloud users such as OpenAI.

In March, an analysis from Forrester’s vice-president and principal analyst JP Gownder said: “It’s crucial to distinguish between laying off staff in order to make investments elsewhere – something that has been done since the dawn of capitalism – and AI replacing jobs directly.

“With Oracle, there are financial pressures to lay off staff. The company’s stock has fallen by more than 50pc since Q3 2025. The company is also making a play for future AI-related services revenues.”

Earlier this week, Meta contractor Covalen put around 700 Irish jobs at risk. The company, which employs around 2,500 and has sites in Dublin and Limerick, said it was in consultation in relation to “potential redundancies within its Dublin operations” and was “engaging directly and proactively” to support the affected teams.

Last week, Meta itself announced plans to cut 8,000 jobs, or 10pc of its headcount, as it reportedly seeks to mitigate the costs of heavy AI spending.

Several Big Tech companies have been making layoffs in response to and accommodation of AI. In recent months, Block has cut 4,000 jobs; Amazon, 30,000; and Atlassian, 10pc of its workforce.

According to the tracking site Layoffs.fyi, around 90,000 tech employees have been laid off in 2026 so far.

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