View this email in your browser THE IRISH TIMES Business Today Thursday, 21 May, 2026 Editor's Note Good morning, reader Big Tech played a huge role in the recovery of the Irish economy in the years after the 2008 economic crash, but it seems the good times are absolutely over now. Meta is cutting about 20 per cent of its remaining staff in its latest round of job losses here. That’s well ahead of the 10 per cent of jobs the company is cutting globally. Ciara O’Brien and Ian Curran have the details, while Ciara also asks the question now on everyone’s minds: what will happen next? Why are rents skyrocketing? Colin Gleeson answers a question that is on the minds of many, many people in the country these days. Pay transparency is on the whole healthy. So why are some employers stalling on an EU directive on the matter? Margaret E Ward looks at the issue in World of Work. Continue Reading Peter Flanagan   TOP BUSINESS STORIES Business SpaceX filing reveals Musk company links ahead of IPO Business Q&A: Why are rents rocketing up? Business Meta Ireland staff shrinks 50% from Covid peak Business Aer Lingus laying off managers amid cost-savings drive as €103m lost in first quarter Work Stalling for time on EU Pay Transparency directive? That’s a business fail Richard Cantillon Farewell to Nama. Hopefully, we never see its like again MORE BUSINESS STORIES Business Injunction to stop shopping centre car park spaces being converted to taxi rank refused Business Stocks rise as crude prices fall and traders await Nvidia results Business AI will not replace accountants, Chartered Accountants Ireland says Business Eir sees profits dip 45% in first quarter as cost of finance doubles Do you have questions about becoming an Irish Times subscriber, or about your subscription? You'll find handy guides in our FAQs, and you can manage many aspects of your subscription in the My Account section. Never miss a business story Subscribe now for just €1 for your first month SUBSCRIBE