There are fears of possible job cuts at the Irish operation of HR and payroll processing company Workday after the firm announced it would reduce its headcount globally by 1,750 positions, or 8.5%.
Workday's European Headquarters are in Dublin and the company employs around 2,000 people in Ireland.
A regional breakdown of the job cuts has not been provided but if the 8.5% reduction were to be applied to the Irish operation it would result in around 170 job losses.
In a statement, Workday said it remained committed to Dublin and that it will continue to invest in local innovation efforts.
"We are close to announcing a new location in Dublin city centre that will bring all our employees together in one building, enabling greater collaboration and creativity," a spokesperson said.
In an email to staff, Workday CEO Carl Eschenbach said the company needed to make changes to better align resources with customers' evolving needs.
He said that while some positions are being eliminated, the company will continue to hire in key strategic areas and locations and will also prioritise innovation investments such as AI and platform development.
"We'll start meeting with affected employees shortly, with the goal of reaching as many as possible today, subject to local requirements where a consultation period is required," Mr Eschenbach wrote.
"Outside the US, affected employees will be offered packages based on local standards, which will be aligned with US packages, where possible," he added.
