PayPal confirms plan to cut more than 200 jobs in Ireland
Payments firm has significant operations in Dublin and Dundalk
PayPal has confirmed that it is to reduce its workforce in Ireland by up to 205 jobs, but has not yet confirmed the exact details.
The payments firm has significant operations in both Dublin and Dundalk, Co. Louth.
In a statement, a spokesperson for PayPal said: "PayPal is going through a strategic transformation to position us for our next chapter of growth. This week, PayPal President & CEO Alex Chriss announced plans to reduce our global workforce.
"We are doing this to allow us to move with the speed needed to deliver for our customers and drive profitable growth. At the same time, we will continue to invest in areas of the business we believe will create and accelerate growth.
"PayPal today shared the difficult news with our employees in Ireland that we are proposing to reduce our workforce in Ireland by up to 205 jobs. These proposed changes are subject to consultation, and no redundancies will take effect until after a consultation process has concluded.
"PayPal is committed to ensuring that colleagues who leave under the proposed changes are treated fairly. We are offering discretionary enhanced redundancy and support packages to help them as they move to the next step in their careers.
"PayPal remains committed to Ireland. We will continue to employ over 1,600 people in Ireland after these changes, and plan to continue attracting the best possible talent in Ireland to meet the needs of our business."