PayPal is planning to cut 164 jobs in Ireland, putting nearly 12 per cent of its local workforce at risk as the digital payments company moves to simplify its operations.
The proposed redundancies represent 11.9 per cent of PayPal’s 1,380 full-time employees in Ireland. The company’s workforce is split between its Dublin operations and employees working remotely, following the closure of its Dundalk office in 2023.
The job cuts emerged after employees in PayPal’s business support function were informed about proposed redundancies. The initial group reportedly includes 29 senior agents, three team leaders and one manager.
PayPal has since indicated that a further 131 positions across various departments could also be affected, taking the potential total to 164 roles. The proposed reductions are expected to span different levels and functions within the organisation.
The company is undertaking the restructuring as part of a broader strategy to simplify its operations, eliminate duplication and create clearer reporting structures. PayPal has also indicated that it remains committed to its long-term presence in Ireland.
The proposed redundancies are expected to be subject to a consultation process with employees. The process of appointing employee representatives is due to begin shortly, with the company expected to negotiate the proposed job losses with affected workers.
The redundancies are currently expected to take place between 7 October 7 and 21 October.
The development comes amid continued pressure on the payments industry to improve efficiency and manage costs while investing in technology. For PayPal employees, the proposed restructuring also adds to wider concerns around the impact of artificial intelligence and changing operating models on jobs.
