At the start of this year, the biggest recruitment problem facing the tech sector in Ireland was a shortage of talent.
IT professionals were in high demand sparking competition among employers to recruit staff.
"I'm overpaying for very average candidates," I recall the Irish head of a big multinational tech company telling me a few months ago.
Over the summer however things started to change.
Soaring inflation, geopolitical unrest, rising energy costs, fears of a global recession and stock market sell-offs have led many tech firms to reign in their spending and announce major cost-cutting plans to prepare for the uncertainty that lies ahead.
Other tech firms followed and announced their plans for the 'next chapter'.
A few weeks later, Canadian investment firm Clearco said it was closing its Irish operations, with the loss of 50 jobs. Just six months previously, it had announced plans to create 125 jobs in Ireland.
Earlier this month, the Irish-founded software company Intercom announced 49 job losses, 23 of them in Ireland, as it prepared for a "lower growth market environment".
