PayPal has carried out job cuts in India as part of its global restructuring plan. The company has reportedly confirmed that 220 employees, that is, about 4 per cent of its local workforce, were laid off by the end of August 2026. Reports from industry sources had earlier suggested that the number could be higher, with up to 600 roles affected across Chennai, Bengaluru, and Hyderabad. Some estimates even indicated that as many as 25 per cent of PayPal’s Indian workforce may eventually be impacted as restructuring continues.
The layoffs reportedly covered teams in technology, engineering, operations, payments, and finance. Employees reported that the decision was communicated suddenly, with access revoked soon after. Severance packages included one month’s salary and job assistance, though some staff said they were awaiting full settlement details.
This move is part of PayPal’s multi year transformation aimed at simplifying global operations, strengthening execution, and positioning the company for long term growth. Globally, PayPal had about 23,800 employees at the end of 2025, and the restructuring plan could affect up to 20 per cent of its workforce — nearly 4,760 jobs.
India is not the only region impacted. On the same day, 164 employees in Ireland were laid off, representing 12 per cent of PayPal’s workforce there. In Israel, about 70 employees, or 25 per cent of the local team, were let go.
The broader reason behind these cuts is cost control and efficiency. PayPal has set a target of saving at least $1.5 billion in gross run rate costs. The company is conducting layoffs in phases, beginning in Asia Pacific and extending to the US, Europe, the Middle East, and Africa.
