PayPal to cut 164 Irish jobs to simplify operations
PayPal will cut 164 Irish jobs, 11.9% of its 1,380-strong Irish workforce, affecting both remote and on-site staff. A collective redundancy notification was filed with Ireland’s Department of Enterprise on 28 August, with redundancies expected between 7 and 21 October. PayPal links the cuts to earlier plans to remove duplication and clarify reporting lines, shortly after negotiations with Stripe to acquire it reportedly fell through.
Coverage (12)
- PayPal layoffs expand: Employees in San Jose set to lose jobs (americanbazaaronline.com)
- PayPal to slash hundreds of California jobs as big money managers axed by tech giant (nypost.com)
- PayPal layoffs: Payments app cuts over 250 Bay Area jobs (kron4.com)
- PayPal Holdings (PYPL)’s India Job Cuts Highlight a Broader Strategic Reset (finance.yahoo.com)
- PayPal cuts 220 India jobs as part of previously announced restructuring plan, source says (economictimes.com)
- PayPal cuts 220 India jobs as part of previously announced restructuring plan, source says (reuters.com)
- PayPal Cuts Around 600 Jobs in India, Moneycontrol Reports (investorshub.advfn.com)
- PayPal plans 164 job cuts in Ireland, affecting nearly 12% of workforce (hrkatha.com)
- PayPal lays off dozens in Israel as it cuts 20% of global workforce (calcalistech.com)
- PayPal cuts nearly 25% of Israel workforce in global restructuring (ynetnews.com)
- PayPal makes job cuts (paymentsdive.com)
- PayPal cuts 164 Irish jobs to ‘simplify’ operations (siliconrepublic.com)