LinkedIn to add 100 new staff at Irish operations
Online social networking firm LinkedIn plans to significantly increase its Irish workforce to target additional markets in Europe.
The Irish Independent understands that the firm, which employs over 400 people at its Dublin 2 office near Baggot Street, is considering an additional 100 new jobs in the next year.
The company is seeking a new office building in Dublin as its headquarters is too small to accommodate its expansion plans.
The hiring drive will be part of a new initiative to boost non-US business for the company. Ireland hosts the company's global headquarters for all territories outside the US and Canada.
According to LinkedIn sources, jobs are expected to be concentrated across existing departments, including sales and customer support.
LinkedIn joins a list of tech firms based in Dublin that say they are desperate to add more staff.
Brian Halligan, the founder and chief executive of online marketing service Hubspot, told the Irish Independent that he would "more than double" the firm's Dublin workforce if he could.
"It literally comes down to whether we can get the people," he said. "This is a great location that is helping the business really expand. But it's getting really harder to find skilled people."
LinkedIn has seen its share price fall by 40pc in the last year, with some analysts criticising its falling profit levels and describing it as overvalued.
In response, the company says that it is investing more money to capitalise on growth prospects in non-US territories.
Last week, LinkedIn launched a new service aimed at increasing advertising on the site. The service aims to increase the number of "native ads", made up of sponsored updates from companies that pay for space, to compete with similar revenue-spinners from firms such as Facebook and Twitter.
The company, which is an IDA client firm, declined to comment on its future investment or hiring plans for its Irish operation.
"LinkedIn doesn't comment on rumour or speculation," a spokesman told the Irish Independent.
The move comes as the Irish data protection commissioner continues a major privacy audit on LinkedIn. The audit is being undertaken as LinkedIn processes the personal data of Irish and European citizens.
"I can advise that the LinkedIn audit report is still being finalised taking account of comments from other data protection authorities," said a spokeswoman for the data protection commissioner.