PayPal is shutting down its Dundalk office and cutting 62 jobs across Ireland.
It comes after the company last month confirmed plans to cut around 2,000 jobs around the world – about 7% of its workforce.
In a statement, the company said it plans to cut 35 jobs at its Dublin office and 27 roles in Dundalk.
It is also closing its Dundalk office from March 31st, with all remaining Dundalk employees to work from home from now on.
Meanwhile, it is selling its Dublin office and moving to a smaller property.
The company said both decisions were based on the “dramatic change in working arrangements” it has seen since the start of the pandemic.
It said employees in Ireland have “embraced the opportunity to work from home” since the outbreak began with “consistently small numbers of staff travelling to work” in either office.
PayPal is reducing its headcount in Ireland by 62; with roles in Dublin and Dundalk impacted. The payments giant is also scaling back its office footprint as the majority of 2,000 staff are now working from home.@NewstalkFM
— Jess Kelly 👩🏻💻 (@jesskellynt) March 1, 2023
PayPal Senior vice President Maeve Dorman said ways of working at PayPal “have completely transformed over the last three years”.
“Employees, including myself, have really embraced the flexibility of our new working models and the increased opportunity to work from home,” she said.
“As a result, employee footfall at our offices at Dublin and Dundalk has remained consistently low.
“Nonetheless, we have maintained our strong community connections and supports in these regions – and will continue to do so.”
PayPal said it remains committed to Ireland and will continue to employ approximately 2,000 people in the country after these changes.
The company originally moved into its office in Ballycoolin, Dublin in 2008.