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Fears Grow for 160 Jobs at PayPal’s Irish Operation
🇮🇪 Ireland /Economy & Trade

Fears Grow for 160 Jobs at PayPal’s Irish Operation

From RTÉ News · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Ongoing story
  • PayPal is planning to cut 164 roles in Ireland, according to Sinn Féin TD Ruairí Ó Murchú, putting nearly 12% of its Irish workforce at risk.
  • The company said employee representatives will be nominated shortly, with consultation and negotiations before proposed redundancies between Oct. 7 and 21.
  • The Department of Enterprise received a collective redundancy notification, following earlier cuts at PayPal’s Irish operations.

PayPal is planning to eliminate 164 roles in Ireland, putting nearly 12% of its Irish workforce at risk, according to Sinn Féin TD Ruairí Ó Murchú. The company employs almost 1,400 people and has offices in Blanchardstown, Dublin 15.

Ó Murchú said PayPal had confirmed the proposed cuts and described them as “devastating” for affected workers and their families. Employee representatives will soon be nominated, followed by negotiations and consultation. The company has proposed making the redundancies between Oct. 7 and 21.

This is devastating for the workers involved and their families, many of whom have given years of sterling service to PayPal.

— Ruairí Ó MurchúReacting to the proposed job cuts at PayPal’s Irish operation.

PayPal declined to comment on the number of jobs at risk. A spokesperson said the staffing changes form part of a previously announced, multiyear transformation intended to simplify global operations, strengthen execution and position the company for long-term growth. “Decisions like these are never easy,” the spokesperson said, adding that PayPal recognized the impact on employees and would support them through the transition.

The proposed staffing changes are part of our previously announced multi-year transformation to simplify our global operations, strengthen execution, and position the company for long-term growth.

— PayPal spokespersonExplaining the company’s stated rationale for the proposed reductions.

The Department of Enterprise said it received a collective redundancy notification from PayPal on Aug. 28. The company informed the government in April about an earlier proposed round of redundancies. PayPal cut 290 jobs in Ireland in 2024, and announced 62 redundancies in Dundalk and Dublin in March 2023, alongside the closure of its Dundalk office.

The latest proposal follows other changes at the company. Remaining staff in Dundalk moved to remote work after the office closed. Last week, a consortium comprising payments company Stripe and buyout firm Advent reportedly abandoned a plan to acquire PayPal. PayPal’s board had previously viewed the bid as inadequate, with regulatory and financing hurdles also reported.

Decisions like these are never easy. We recognise the impact they have on our employees and are committed to supporting them through this transition.

— PayPal spokespersonAddressing the effect of the proposed redundancies on employees.
About this summary

Originally published by RTÉ News in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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