A new wave of job cuts in technology companies has analysts wondering if the over-heated tech market is starting to show signs that a major slowdown is coming.

Twitter's announcement that it will cut 336 jobs or close to 8% of its global workforce last week made news in Ireland, because of the company's significant presence here - but Twitter was only one of a number of firms who announced last week that they will be letting people go.

Snapchat has long been held up as the poster-app of the latest generation of mobile-first social media - but it is also cutting back.

It shut down its Snap Channel project which was tasked with developing original content for the app.

The team is reported to have close to 15 members, and it was lead by Marcus Wiley, a former co-head of comedy development with Fox in the US - he will leave the company.

Of the rest of the team Deadline reports that a few junior members of staff may be given new roles within the company - but most of the workers will be laid off.

Meanwhile Business Insider highlights that in the last week alone two other high profile apps, photo-story telling app Flipagram and Zomato, the India-based restaurant rating app have also announced significant reductions in their head counts.

Other marquee apps like Groupon and Living Social have also announced that they are reducing staff numbers.

We have gotten used to successful tech IPOs  - but earlier in this month Pure Storage, a data storage company went public in one of 2015's most highly anticipated IPOs and it performed well below market expectations.

It is unclear if these events suggest that the market is rationalising, and moving back from the surreal bubble-like valuations which dominated 2014, or if something more sinister is coming around the corner.