Paypal Cuts 205 Jobs At Irish...


Paypal Cuts 205 Jobs At Irish Operations

Laura Donnelly
Laura Donnelly

03:13 1 Feb 2024

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Paypal has announced its cutting 205 jobs at its Irish operations.

The company previously announced it would be reducing its global workforce by 9%.

Paypal says it is "fully committed" to Ireland and will have 1,600 employees here after this round of job cuts.

A spokesperson says: "PayPal is going through a strategic transformation to position us for our next chapter of growth. 

"This week, PayPal President & CEO Alex Chriss announced plans to reduce our global workforce. We are doing this to allow us to move with the speed needed to deliver for our customers and drive profitable growth. 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.

"PayPal is committed to ensuring that colleagues who leave under the proposed changes are treated fairly. We are offering discretionary enhanced redundancy and support packages to help them as they move to the next step in their careers.

"PayPal remains committed to Ireland. We will continue to employ over 1,600 people in Ireland after these changes, and plan to continue attracting the best possible talent in Ireland to meet the needs of our business."

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