Fears for Dundalk staff as PayPal confirms job cuts

PayPal has said that it will not be sharing a breakdown of how the planned 85 job cuts it announced today, will be split between people based in Dublin and those working remotely who were formerly based in its old Dundalk office.

The company, which currently has a total of 1,600 employees in Ireland, announced today that it is proposing to reduce its workforce in Ireland by up to 85 roles, with a spokesperson for the company telling the Dundalk Democrat that the breakdown of the 85 jobs "is subject to consultation".

In a statement from PayPal, it said: "PayPal continues to make progress on its strategic transformation announced earlier this year to help it become a more productive company that’s focused on its key priorities.

"As part of this transformation, PayPal today told its employees in Ireland that it is proposing to reduce its workforce in Ireland by up to 85 roles. The 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. It is 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 and its role as a critical hub for the company’s global operations."