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PayPal to cut up to 205 Irish jobs

The company is reducing its global workforce by 9% as part of a "strategic transformation"
Jack Quann
Jack Quann

15.44 1 Feb 2024


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PayPal to cut up to 205 Irish...

PayPal to cut up to 205 Irish jobs

Jack Quann
Jack Quann

15.44 1 Feb 2024


Share this article


PayPal is to cut up to 205 jobs from its Irish operations.

Earlier this week the company said it would be be reducing its global workforce by 9% as part of a "strategic transformation."

There will be a consultation process with staff and there will be no redundancies until that process is complete.

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"We are doing this to allow us to move with the speed needed to deliver for our customers and drive profitable growth," a spokesperson told Newstalk.

"At the same time, we will continue to invest in areas of the business we believe will create and accelerate growth.

"PayPal today shared the difficult news with our employees in Ireland that we are proposing to reduce our workforce in Ireland by up to 205 jobs.

"These proposed changes are subject to consultation, and no redundancies will take effect until after a consultation process has concluded," they said.

The 205 jobs make up more than 10% of PayPal's Irish workforce; however, the company has said it is "committed" to Ireland and will continue to employ over 1,600 people here.

The US firm announced last March it was to close its Dundalk office, cutting 62 jobs.

This closure followed plans to cut around 2,000 jobs globally - about 7% of its workforce - and the sale of its Dublin office in favour of a smaller property.

Main image: PayPal offices are seen in Dublin, 24-5-22. Image: Sasko Lazarov / RollingNews.ie

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