Ciarán Hancock

That's roughly 20% of the workforce still left here.

Now, over the past three years, three and a half years, they've let go essentially half their workforce in Ireland.

Plus, contractors, Cavallon, let 700 go recently.

So a lot of contractors have been

let go as well.

I was looking at the Twitter accounts for 2024.

They used to have 375 staff here, which is actually less than I thought.

But they're now down, or certainly by the end of 2024, it might be less now, they were down to 108.

So 270, roughly, staff had left in that period.

And we know that Elon Musk

He took a knife to exes, as it's known now, when he took over in that takeover there.

When was it?

2022, I think.

So at what point do the job cuts that are happening in the multinational sector, because it's not just those companies, Intel has been laying off people and other companies have been sort of quietly laying off people.

At what point does that begin to feed into a softening in Irish house prices?

Yeah.

And should we conclude from this?

I mean, you're an economist, so put your economist hat on.

Well, you probably always wear it.

But should we conclude from this that the meta staff and the ex-staff and the people at other tech companies who are being laid off, they're finding other employment, maybe not as well paid, but they are finding other employment in the economy?