Wed, 06 Jul 2022

DUBLIN, Ireland: Paypal is in discussions to eliminate 307 jobs in Ireland, the company has told its staff.

Paypal employs 2,000 staff in Ireland.

Officials said Paypal has begun talking with those staff who might be laid off across a range of job-types.

At the Paypal Dublin office some 135 could be lost, while 172 staff could be let go at the offices in the Co Louth town.

PayPal officials have said they will continue operating from Ireland.

"PayPal remains committed to Ireland and our Dublin and Dundalk sites will continue to be among our largest global centers for employment and operations, supporting our customers," the company said in a statement.

"We will continue to employ well over 2,000 employees after the proposed changes."

In reviewing future plans, Paypal decided to explore reducing the size of its Irish staff.

"The changes will help us scale our business to meet the evolving needs of our customers, ready for our next chapter of growth," it said.

Of note, PayPal said any staff who lose their jobs will be treated fairly and generously.

"We are offering enhanced redundancy and support packages to help them as they move to the next step in their careers," the company said.

In 2021 Paypal transferred 130 jobs out of Ireland to other locations worldwide.

Workers at that time were offered the option of seeking new positions in Paypal in Ireland or choosing to leave the company.

In 2016, Paypal expanded its staff in the Co Louth town after separating from eBay.

In 2009, PayPal invested 15 million euros to create a European Centre of Excellence in Blanchardstown.

Meanwhile, Tnaiste and Minister for Enterprise, Trade and Employment Leo Varadkar said Paypal officials have told him the company remains committed to Ireland and to employing the 2,000 staff employed throughout the country.

"The Government will make all necessary State assistance available to the workers, to help them find new employment, education and training opportunities as soon as possible," Varadkar said, as reported by RTE.

Meanwhile, Fianna Fil TD for Dublin West Jack Chambers said, "All 307 redundancies will be initially sought on a voluntary basis, and a good redundancy package will be made available", as quoted by RTE.

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