Fears for 160 jobs at PayPal's Irish operation
PayPal is planning to cut 164 jobs at its Irish operations as part of a multi-year global restructuring strategy. This follows previous rounds of redundancies at the company in 2023 and 2024.
Why it matters
The move reflects ongoing cost-cutting and operational shifts within the global fintech sector, impacting local employment markets.
There are fears for around 160 jobs at the Irish operation of payments firm PayPal.
Sinn Féin TD Ruairí Ó Murchú said he has received confirmation from the company that it is planning to cut 164 roles which is almost 12% of its Irish workforce.
"This is devastating for the workers involved and their families, many of whom have given years of sterling service to PayPal," Mr Ó Murchú said.
"The process of the nomination of employee representatives will begin shortly and there will be a period of negotiation and consultation with workers, with redundancies proposed to be taking place between 7 and 21 October," he added.
A spokesperson for PayPal would not comment on the number of jobs at risk.
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