EMCC European Monitoring Centre on Change

Paypal

Company/Organisation:
Paypal

Geographic Location

Country: Ireland
Region: Southern and Eastern
Location of affected unit(s): Dublin and Dundalk

Company

Sector: Information / communication
IT and other information services
62.09 - Other information technology and computer service activities
Number Employed: 2650

Employment Effects

Announcement Date: 24-05-2022
Planned Job Reductions min: 307
Planned Job Reductions max: 307
Type of Restructuring: Internal restructuring
Employment Effect Start: 24-05-2022
Direct Dismissals: 307

Additional Information

Paypal has announced to cut 307 jobs at its offices in Dublin and Dundalk, Co Louth. Job losses are across a range of functions. 135 of the redundancies will be at the Dublin office and 172 will be in Dundalk. It has been reported that some work is being relocated, possibly to Asia. The company is opening a consultation with impacted staff who have been notified about the situation.

Around 2,650 people are currently employed by Paypal in Ireland.

In 2021, Paypal had relocated 131 roles from Ireland to other countries (Paypal-2021-IE).

Previous restructuring events were recorded in the ERM database: PayPal-DE-2019PayPal-IE-2016PayPal-IE-2014PayPal-IE-201108PayPal-IE-201102, and PayPal-IE-2009

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