On Wednesday, staff at the financial services company Totemic became at risk of redundancy.
According to a spokesman for the Grantham firm, the decision has been made because of operational efficiencies and affects two per cent of employees.
She added: “No final decision on their future has been made yet, and we will be working with those people affected over the next 30 days to see how we can best support them.
“Totemic are committed to providing employment for local people and are actively looking at new opportunities in the area, however until the situation is resolved we cannot discuss the situation in any more detail.”
Totemic is based at Totemic House, off Springfield Road, with offices also in Dysart Road and Long Bennington.