Tánaiste Leo Varadkar has said that there are more job losses to come in the tech industry but that there are also opportunities in that sector and in other parts of the economy.
Mr Varadkar was speaking at the opening of a conference in Dublin focusing on Ireland's technology sector.
The Digital Ireland Conference is hearing from speakers including the Taoiseach, Tánaiste and Government ministers as well as executives from tech companies such as Meta, Amazon, Google and Microsoft.
"Our conference comes at a very challenging time for the tech sector and I think it is fair to say that all our thoughts are with those who received bad news in recent weeks, whether it is the loss of their jobs or the discontinuing of their contracts, and I think we all realise that there is more to come," Mr Varadkar said.
He told delegates that the Government will assist all of those who are affected and that there is still very high demand for tech, marketing, HR, PR and other skills and that there is a very strong pipeline of investments from overseas and from the domestic economy.
Recent job losses at firms such as Twitter, Meta and Stripe have sparked concerns about the health of the technology sector but the Government, state agencies and industry bodies have insisted that the tech companies based here remain committed to Ireland.
Today's conference is exploring how Ireland can maximise its digital track record through the presence of leading global tech companies, start-ups and regulation.
Topics being discussed include artificial intelligence, the future of immersive technologies and data regulation.