business / news / / Independent.ie
Covalen, a division of the Irish-founded firm CPL, employs around 2,000 people in tech, financial services and other outsourcing areas.
Covalen has started redundancy consultations for Dublin staff due to reduced work from Meta.
KEY POINTS
- AI-driven restructuring at Meta is decreasing outsourcing needs, directly impacting Covalen's content moderation roles.
- Meta's shift to in-house, AI-based content enforcement will replace third-party vendors like Covalen over time.
- Covalen's previous job cuts related to Meta have already led to industrial action among affected workers.
- Meta currently relies on about 5,000 external contractors, more than double its Irish employee headcount.
COMPANIES
Summarized by Newsio from Independent.ie. How we summarize →