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LAST UPDATE | 18 Jun 2024
FINANCIAL TECHNOLOGY COMPANY PayPal has announced plans to cut a further 85 jobs in Ireland.
In a statement today, a PayPal spokesperson said the “proposed changes are subject to consultation” and that “no redundancies will take effect until after a consultation process has concluded”.
The spokesperson added that PayPal “remains committed to Ireland and its role as a critical hub for the company’s global operations” and that the company is “making progress on its strategic transformation announced earlier this year”.
In February, PayPal announced plans to cut 205 jobs – the cuts announced today are in addition to those outlined in February,
The spokesperson today added that 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,” added the spokesperson.
Reacting to the news, Labour’s Enterprise spokesperson Ged Nash said he has asked PayPal to “explore alternative cost savings short of redundancies”.
“This is the latest stop on the merry-go-round of PayPal’s seemingly endless series of job cuts,” he said.
“I have engaged with PayPal management today and I have appealed to them to explore alternative cost saving measures short of job losses, or at least to minimise the number of redundancies when the month-long statutory consultation process has concluded.”
Nash said he has also asked that the company work with staff to identify possible alternative employment opportunities within the organisation for workers whose positions may be at risk.
“Every job loss is a tragedy for an individual and a family. Every effort must be made to ensure that the consultation process is a meaningful one and no role should be written off prematurely and before the process is completed.”
Last March, PayPal announced the closure of its Dundalk site, with staff there told to work remotely after that date.
PayPal also said last March that it plans to sell its site in Blanchardstown at the Ballycoolin Business Park and will move to a smaller office in Dublin.
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I’d love to know where these 85 people were hiding, they have €700 frozen in an account belonging me, even after i sent in passport, etc. etc. and actually impossible to speak to a human. Good riddance to the whole company.
@Steve Davis: Imagining all employees works in customer support to fulfil the Karen wish like yours is bonker.
@Alex: is that a riddle ??
@Alex: They are laying off customer support that’s the problem.
@Alex: Bonker than what, I can’t help wondering.
I’d be annoyed too if I couldn’t get my €700.
@Steve Davis: it must be illicit earnings and suspicious no doubt.
@Steve Davis: If I was owed 700, I would arrive in their office and sit in reception until a manager sorted the issue out.
@Sean Money: No nothing as exciting like illicit funds unfortunately… when you hit a level of transactions they are legally obliged to ask you for further identification – which wasn’t a problem. Sent in everything they asked, and the system showed green ticks on everything – yet when i try to do a transaction, it says there was paperwork outstanding – yet everything was showing ‘completed’. All you get from emails and tickets is a robot response created by Ai. Sack the whole lot of them and close it down…. robbing ba*tards
@Steve Davis: They’ll probably use your €700 to pay redundancies.
@Mark R: I’ve done something similar in the past and it worked
@Gearoid MacEachaidh: not with PayPal, Anthony big multinational
Dont tax us and we’ll employ people. Maybe it time to start taxing the techies.
@bruce banner:
Haha hahaha hahahaha
@bruce banner: I don’t think it’s taxes as such.
You have the advancement of AI and online chats and cheaper workforce in India.
No Western country can compete with the salaries in Bangalore.
Outsourcing to India and surrounding countries is the big issue.
- and good luck talking to them on the phone.
Time for all staff to bail out of PayPal by the sounds of things. Writing on the wall.
Unfortunate for employees being let go but I think paypal is a business on the decline with likes of stripe, revolut ..etc Have not used it in a very long time and was a frequent user.
“. . .support packages to help them as they move to the next step in their careers,” added the spokesperson.
That’s certainly putting a positive spin on redundancy proposals!
The double edged sword of working from home – if you can do your job from Dublin then someone from Dehli can do your job for 1/10th of your salary
They’ve really, really torn the a*** out of this country at this stage, letting down so many people sacking them.
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