Ciaran Hancock

Yeah.

It's a hard one to figure out, isn't it?

Because we have a lot of savings built up.

Not everyone, obviously, but there are a lot of savings there, which Simon Harris has talked about.

Endlessly, yeah.

Introducing a savings account to try and unlock some of that money and put it to productive use in the economy while also earning a better return for people.

So there's a kitty there that a lot of people can fall back on if inflation does spike to those kind of levels.

Let's hope it doesn't go there.

And yet if you look at the tech sector, Meta are letting people go.

So there could be another 180 people if the 10% cut was introduced in Ireland as around the rest of the world.

Another, I think, gets 180 rolls or something like that.

They've already cut their workforce by 40% without us really noticing it over the past few years.

Covalent, which is a contractor for Meta, is letting 700 people go.

We reported on that earlier in the week.

And there are lots of these little job cuts.

You're hearing whispers that this company is cutting and that company is cutting and so forth.

And AI is presumably part of this picture.

It is, yeah.

In the case of meta, it is.

Yeah.