Irish technology company Cubic3 has announced plans to reduce its global workforce, placing approximately 160 positions at risk. The firm intends to eliminate 70 roles worldwide, with over half of these cuts expected to occur at its Dublin headquarters. This restructuring affects a significant portion of Cubic3’s staff, signaling potential challenges for the once high-flying ‘unicorn’ company. The announcement comes amid a broader slowdown in the tech sector and increased pressure on companies to streamline operations. While the exact timeline for the job cuts remains unclear, the news has caused concern among employees. Cubic3 has not yet commented on the specific reasons behind the decision beyond a general need for global restructuring. This move underscores the volatility within the current tech landscape, even for previously successful startups.