The online payment giant is planning to reduce its global workforce by 9%, which could result in cutting up to 205 jobs based in Ireland. Currently, PayPal employs more than 1,800 people in Ireland.
However, the proposed changes are still subject to consultation, and no redundancies will take effect until the consultation process concludes. PayPal is offering discretionary enhanced redundancy and support packages to the affected employees.
PayPal has reassured that it remains committed to Ireland and will continue to employ over 1,600 people even after the redundancies.
The job cuts are part of a broader restructuring plan to streamline the company’s operations and improve its profitability.
PayPal’s decision to cut jobs in Ireland has raised concerns among the Irish government and trade unions. The Irish Minister for Enterprise, Trade, and Employment, Leo Varadkar, has expressed his disappointment and pledged to work with PayPal to minimize the impact on affected employees.
In conclusion, PayPal plans to cut jobs in Ireland as part of a broader restructuring plan to improve its profitability. However, the company has assured that the proposed changes are subject to consultation and remains committed to Ireland.
The decision has raised concerns among the Irish government and trade unions, urging PayPal to reconsider and engage in meaningful consultation with the union. What is the timeline for the consultation process?
What is the reason behind PayPal’s decision to cut jobs in Ireland?
How many employees will be affected by the job cuts in other parts of the world?
The Services Industrial Professional and Technical Union (SIPTU) has called on PayPal to reconsider its decision and engage in meaningful consultation with the union.
