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More than 200 Irish-based jobs at PayPal under threat

Payments firm PayPal has proposed cutting up to 205 Irish-based jobs.

Staff were informed of the decision today and a consultation process will now begin.

The company currently employs more than 1,800 people in Ireland.

“These proposed changes are subject to consultation and no redundancies will take effect until after a consultation process has concluded,” the company said in a statement.

PayPal said it is offering discretionary enhanced redundancy and support packages.

A spokesperson added that the company remains committed to Ireland, where it will continue to employ over 1,600 people after the redundancies.

Earlier this week, PayPal announced plans to cut around 2,500 jobs globally, or 9% of its workforce.

A letter to staff from CEO Alex Chriss said the decision was made to “right-size” the company through both direct cuts and the elimination of open roles throughout the year.

In March 2023, PayPal announced 62 redundancies in Dundalk and Dublin, and the closure of its Dundalk office.

Remaining staff in Dundalk were to move to remote working.

At the time of last year’s announcement, the company said it would sell its site in Ballycoolin in Dublin, and move to a smaller, more central location in Dublin.

In January 2023, PayPal announced 2,000 job cuts globally which was around 7% of its total workforce.

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