Paypal

Type
Internal restructuring
Country
Ireland
Region
Ireland; Eastern and Midland;
Location of affected unit(s)
Dublin, Dundalk
Sector
Information / Computing
62 - Computer programming, consultancy and related activities
62.9 - Other information technology and computer service activities
62.90 - Other information technology and computer service activities
307 jobs
Number of planned job losses
Job loss
Announcement Date
24 May 2022
Employment effect (start)
24 May 2022
Foreseen end date

Description

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-2019, PayPal-IE-2016, PayPal-IE-2014, PayPal-IE-201108, PayPal-IE-201102, and PayPal-IE-2009. 

Sources

Citation

Eurofound (2022), Paypal, Internal restructuring in Ireland, factsheet number 106848, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106848.