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LinkedIn, the social network for professionals has established a new campus in Dublin. With this new addition LinkedIn became the latest technology company to establish a new campus in Dublin when it signed a 25-year lease to add three adjacent office blocks to its new European headquarters.
This new addition is a part of its decision to expand its Irish-based workforce to 2,000 from 1,200 over the next year as it moved into a new 14,000 square metre (150,000 square feet) head office by the end of 2020. LinkedIn agreed to add the remaining 40,000 square metres of office space at the Wilton Park development in central Dublin, the campus’ landlord IPUT, the largest owner of offices in Dublin, said in a statement.
The move provides the U.S. technology company with enough capacity to grow its headcount by more than 4,000 workers, the Irish Times reported. Microsoft separately employs 2,000 people elsewhere in Dublin. Ireland is the European hub for a number of major technology firms. The expansions by some of the world’s biggest companies come as new global rules are considered on how and where big internet firms pay tax that could test multinationals’ commitment to Ireland where they pay a low 12.5% corporate tax rate.
The Irish state agency competing to win foreign business said that there was no indication that companies were thinking differently about Ireland based on what tax reforms may emerge. IDA Ireland reported that employment by multinationals rose 6% year-on-year in 2019, almost three-times the rate across Ireland’s fast-growing economy. Foreign companies now employ almost 250,000 people or just over one in 10 Irish workers.
Ireland is attractive to big companies for a variety of reasons, availability of talent is the main reason at the moment. Following Brexit, Ireland is set to emerge as the only English-speaking country in the Eurozone. This access to the European market gives Ireland access to European talent as well. Today, the biggest names in tech—Google, Apple, Facebook, Airbnb, and many more—can be found in the Silicon Docks area of Dublin, a bustling, fast-growing area of the city that is the Irish equivalent to Silicon Valley.
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