Meta job cuts
Meta has said it will let go of 13 per cent of its workforce, or more than 11,000 employees, in one of the biggest tech layoffs this year as the Facebook parent battles soaring costs and a weak advertising market.
The announcement will impact some of the 3,000 Meta employees in Ireland, a company spokeswoman confirmed.
If the 13 per cent figure cut is applied to Ireland, about 390 Irish jobs could be lost although sources believe the final figure could be higher.
Irish wage growth
Wages in Ireland have increased by an average of 4.7 per cent in the year to October, according to figures released by the Central Bank.
This compares with average wage increases of 5.2 per cent across six European countries as of October, and a wage growth increase of 6.2 per cent in the UK.
The figures are based on millions of job postings on Indeed, to create a new monthly wage growth tracker.
Northern Ireland election
The British government is set to extend a deadline for holding an election in Northern Ireland and cut the pay of Stormont Assembly members.
Northern Ireland Secretary Chris Heaton-Harris is due to make a statement to the UK parliament later on Wednesday outlining his next steps in response to the powersharing crisis in the region.
A failure to form a ministerial executive following May’s election has placed a legal responsibility on the British government to hold a poll by January 19th.
Cavan road crash
A woman in her 80s has been seriously injured following a road traffic collision in Co Cavan.
The woman, a pedestrian, was struck by a vehicle around 7.00pm on Tuesday, gardaí said, on the R165 near Bailieborough.
The woman was taken to Cavan General Hospital. Her injuries were described as critical.
US midterms
Democrats were enjoying a stronger-than-expected showing in the US midterm elections early on Wednesday, as it appeared the party was limiting its losses in the US House of Representatives and capturing important governors' races.
But as votes were still being counted in several states, there remained the possibility that Republicans could end up with control of both the House and the US Senate.
In a critical win for president Joe Biden's party, Democrat John Fetterman flipped a Republican-held US Senate seat in Pennsylvania, beating Republican celebrity doctor Mehmet Oz and bolstering his party's chances of holding the chamber.
