Fears for 160 jobs at PayPal's Irish operation

Around 160 jobs are at risk at PayPal's Irish operation, according to company confirmation. Sinn Féin TD Ruairí Ó Murchú revealed that 164 roles are set to be cut, almost 12% of PayPal's Irish workforce. This news is devastating for the affected employees and their families, many of whom have dedicated years to PayPal. The redundancy process will commence shortly, with negotiations and consultations expected between 7 and 21 October.

PayPal has not disclosed the exact number of jobs at risk. The proposed changes are part of PayPal's multi-year plan to streamline global operations, enhance execution, and ensure long-term growth. The company acknowledged the impact these decisions have on employees and pledged support during the transition. The Department of Enterprise received notice of the redundancies on 28 August.

In April, PayPal previously announced another round of proposed redundancies. In 2024, the company eliminated 290 jobs at its Irish operation. In March 2023, PayPal announced 62 redundancies in Dundalk and Dublin, and closed its Dundalk office. Remaining workers in Dundalk were reassigned to remote work. Recently, a consortium of payments firm Stripe and buyout company Advent withdrew their plan to acquire PayPal, citing regulatory and financing challenges.