PayPal Cuts 220 Jobs in India Amid Global Restructuring
SOURCENews reportView the filing ↗
What we know
Location: India.
Department affected: technology, engineering, operations, payments, and finance.
Based on news reporting.
Summary
PayPal Holdings, Inc. carried out job cuts in India as part of a global restructuring, confirming that 220 employees were laid off by the end of August 2026. The layoffs affected teams across technology, engineering, operations, payments, and finance and were reportedly communicated suddenly with access revoked soon after. Reports had earlier suggested higher numbers (up to 600) and warned that further reductions could impact as much as 25% of its Indian workforce as restructuring continues. The move forms part of PayPal’s multi-year transformation to simplify global operations and cut costs, with a corporate target to save at least $1.5 billion in gross run rate costs; the company has also signaled broader potential reductions globally.
PayPal Holdings, Inc. cut 220 jobs affecting its technology, engineering, operations, payments, and finance team as of August 31, 2026.
That is roughly 0.8% of the 27,200 people PayPal Holdings, Inc. employs.
LayoffTalk has tracked 15 layoff events at PayPal Holdings, Inc. since November 2022, including 940 jobs documented in official WARN filings, with 11 additional events known from news reporting.
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