It is not yet known what impact global layoffs will have on the Irish operation of financial technology firm Block.
The company has announced that it will cut over 4,000 jobs, nearly half its workforce, due to the adoption of artificial intelligence (AI) across its operations.
Block was co-founded by Twitter co-founder Jack Dorsey.
"Intelligence tools have changed what it means to build and run a company. We're already seeing it internally," Mr Dorsey said in a statement.
"A significantly smaller team using the tools can do more and do it better," he added.
Last month, Block announced the opening of new offices in Dublin for its 300 Irish-based employees.
Contacted by RTÉ News, the company said it would not be giving a regional breakdown of the job cuts.
A consultation process in several of Block's international markets is now underway.
The Department of Enterprise said it has not received a collective redundancy notification from Block.
Such notices are required in cases where companies are planning 30 or more redundancies.
Block is the parent company of Square, the point-of-sale mobile payments platform that allows vendors to accept and process card payments.
Other Block brands include the digital wallet Cash App, music platform Tidal, and a bitcoin wallet called Bitkey.
