Redundancies in Ireland (2026) – Latest Job Cuts, Companies & Trends

Below are some of the most recent redundancy announcements:

• Meta – Job cuts impacting Dublin operations due to cost-cutting, restructuring, AI investment.
• Viatris– 340 roles affected due to global restructuring and cost optomisation

Explore detailed pages for each company to see full breakdowns, timelines and impact.

Tech Layoffs in Ireland

Ireland’s tech sector, particularly in Dublin, has seen significant layoffs as global companies restructure and invest in AI.

Pharma & Medical

Pharmaceutical companies occasionally announce redundancies due to restructuring, automation or changes in global demand.

Finance & Banking

Banks and financial services firms are also adjusting workforce sizes in response to digital transformation.

If you are affected by redundancies in Ireland, it’s important to understand your rights:

✔ Statutory Redundancy

Employees with over 2 years’ service may qualify for redundancy payments.

✔ Notice Periods

You are entitled to a minimum notice period depending on your length of service.

✔ Fair Procedures

Employers must follow proper consultation processes before making redundancies.

Taking early steps—such as updating your CV and exploring job opportunities—can help you transition more quickly.

T-Z

Viatris

• Continued layoffs in the tech sector
• Increased focus on AI and automation
• Strong demand for skilled workers despite job cuts
• Ireland remains a key European hub for multinationals

If you are made redundant, you will usually have several options depending on your pension scheme and personal circumstances:

1. Leave Your Pension in Your Existing Scheme

You may choose to keep your pension where it is until retirement.

This may suit:

• Those satisfied with current fund performance
• Individuals who prefer a hands-off approach

2. Transfer to a Personal Retirement Bond (PRB)

Also known as a Buy-Out Bond, this option allows you to move your pension away from your former employer and take greater control.

Key benefits:

• Increased investment flexibility
• Control over when you access your pension
• Ability to combine pensions from different employers

3. Consolidate Multiple Pensions

If you’ve worked for multiple employers, redundancy can be a good opportunity to bring your pensions together.

Advantages include:

• Simpler management
• Potentially lower overall fees
• A clearer view of your retirement position

4. Consider Early Retirement (If Eligible)

In some cases, redundancy may allow you to access your pension earlier than expected, depending on your age and scheme rules.

This could include:

• Taking a tax-free lump sum
• Starting to draw down retirement income

⚠️ However, accessing your pension early can reduce its long-term value, so this option should be carefully assessed.

⚠️ Key Risk: Making the Wrong Pension Decision

Decisions made at the point of redundancy can have lasting consequences.

Poor choices may:

• Reduce your retirement income permanently
• Lead to unnecessary tax liabilities
• Limit your future investment options

This is why pension planning is one of the most important steps during redundancy in Ireland.

Can Redundancy Improve Your Pension Position?

While redundancy can be challenging, it may also create opportunities to strengthen your financial future.

For example:

• You may be able to redirect part of your redundancy lump sum into a pension
• You can optimise tax reliefs such as the Standard Capital Superannuation Benefit (SCSB)
• Excess termination payments may be structured in a more tax-efficient way

Used correctly, redundancy can become a turning point for better long-term financial planning.

How MyPension Can Help

Working with a regulated financial advisor can help you make the most of your options.

At MyPension, advisors can support you to:

• Decide how best to use your redundancy lump sum
• Maximise available tax reliefs
• Protect and grow your pension benefits
• Build a tax-efficient retirement strategy

Key Takeaway

Redundancy is more than just a career change — it’s a critical moment for pension planning.

The decisions you make now can shape your retirement for decades, so taking the time to understand your options is essential.

Speak with one of our advisors today to discuss your options in redundancy.