Over 60% of US companies based in Ireland expect to increase their headcount here over the next 12 months, according to new research published today on Thanksgiving.

The survey of American Chamber of Commerce Ireland members reveals that just under 4% of US firms expect to decrease employee numbers, while 35% expect to make no changes.

Recent job losses at US companies such as Twitter and Meta have sparked concerns about the health of the technology sector in particular.

However, 83% of respondents to today's survey said they have increased the number of employees in the Irish operations of their organisation over the past year.

The vast majority of respondents - 94%, said their corporate headquarters have a positive view of Ireland as an investment or growth location, based on the experience of their Irish operations this year.

There are now 900 US companies operating in Ireland, which employ almost 200,000 people.

Today's survey shows that these companies are facing many challenges.

"We are all acutely aware of the challenges that are in front of all business leaders and their employees at the moment," said Mark Redmond, CEO of the American Chamber of Commerce Ireland.

"Challenges like the cost of energy, the highest inflation rates in many years, supply chain issues, and access to talent," he added.

The research shows that housing is the top concern for members, with 33% saying it is the most important issue to overcome to allow their company to expand here.

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98% of those surveyed said the availability of residential accommodation is important to maintaining Foreign Direct Investment (FDI) employment in Ireland.

96% of respondents also said reform of the planning system to provide certainty of process and timeframe is important to maintaining FDI employment.

On the subject of energy costs and energy supply, 96% of members said certainty is important to maintaining FDI employment.

"Ireland greatly benefits from being one of the world's most globalised small countries, with an extraordinary level of world-class multinational investment and talent," said Mr Redmond.

"But this means that Ireland is also exposed to headwinds in the global economy.

"Because of the huge diversity of US businesses in Ireland, we are currently seeing continued benefits and growth while at the same time cognisant of the impact these headwinds can have."