Business

Tuesday 16 July 2019

PayPal to lay off around 20 staff in Ireland

Shawn Pogatchnik

PayPal is laying off around 20 staff in Dublin and Dundalk as part of what it called “small-scale restructuring,” the global online payments giant confirmed Friday.

A spokesman for the San Jose, California-headquartered company told the Irish Independent that the redundancies - believed to have been notified to staff over the past week - reflected the company’s need to keep refining how it deploys resources in a rapidly evolving industry.

“From time to time, we conduct small-scale restructuring efforts to align teams to support key business priorities. These proposals are part of the company’s efforts to continually enhance the way we operate,” the spokesman said.

PayPal declines to specify how many people it currently employs at its European services hub in Dublin 15, which opened in 2003, or at its Dundalk facility opened in 2012. In its most recent filing with Irish authorities, PayPal reported employing 2,443 people across both sites at the end of fiscal 2017.

PayPal has stressed in recent weeks that it intends to keep investing in Ireland. On Friday, its corporate site listed 54 open Irish-based positions - 40 in Dublin, 14 in Dundalk – ranging from director of EMEA employment legal affairs to seven posts requiring fluency in German, others in French, Portuguese, Russian and Dutch.

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