Science and IT hiring flattens as companies play waiting game over tariffs, says IrishJobs.ie
Science and IT companies are adopting a cautious attitude to hiring while tariffs applied by the Trump administration begin to bite, according to a report from IrishJobs.ie covering the first quarter of 2025.
The total number of quarterly job vacancies increased by 5% reflecting the continued strength of the Irish economy and labour market. With close to record low levels of unemployment and moderate domestic growth, the Irish economy is in a strong position to navigate the economic volatility ahead. This economic uncertainty is set to become the new normal over the coming months due to the potential introduction of trade barriers and the emergence of a more protectionist trading environment.
The Science sector is composed of a wide range of pharmaceutical and life sciences multinationals which are exposed to potential sector specific trade tariffs. This cautious hiring sentiment is also evident in the IT sector, which could be impacted by retaliatory measures levied by the EU on digital service providers.
The construction sector (5%) contributed marginally more job vacancies than the IT sector (4.9%). Another property-related sector, engineering, generated a similar proportion of job vacancies (4.6%) as the IT sector. This continues a broader trend of an uptick in construction and property related job vacancies over the course of 2024.
Several counties with large cities experienced moderate to strong increases in job vacancies, including Galway (22%), Waterford (13%), and Dublin (3%). In county Galway, staff nurses, production operators & engineers, and customer & sales assistants were some of the most in-demand roles over the quarter.
The proportion of hybrid working vacancies as a share of total vacancies has increased to 11% over the past three months. Over the past three quarters, the number of hybrid working vacancies as a share of total vacancies has remained stable or slightly increased. These findings suggest that hybrid working will continue to be a substantial feature of the Irish labour market over the coming months.
In contrast, the share of fully remote vacancies as a proportion of overall vacancies remains relatively low at 2.4%. While there was a slight increase (0.1%) in the share of fully remote job vacancies over the past three months, their availability remains down 80.6% from the peak recorded in 2021. These trends indicate that fully remote work vacancies will likely remain stable at a relatively low level into the future.
Julius Probst, European labour market economist at The Stepstone Group and IrishJobs, said: “The Irish labour market continues to perform well, with an exceptionally low unemployment rate of 4% paired with employment gains of about 70,000 throughout 2024. However, beneath the surface some cracks are starting to appear. As a small and open economy, Ireland is particularly exposed to global economic conditions. While interest rates are finally coming down, this is mostly due to weak demand in the Eurozone. As global economic uncertainty is reaching a record-high due to the US trade war, international companies are becoming more cautious in their hiring approach… There were no changes in quarterly job vacancies among firms in the Science and IT sectors, largely made up of multinational firms exposed to potential trade barriers. These trends indicate that employers in these sectors have adopted a ‘wait and see’ strategy amid the current economic volatility.”
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