PayPal Cuts Nearly 25% of India Tech Workforce Amid Global Restructuring
SOURCENews reportView the filing ↗
What we know
Location: India.
Department affected: technology / India workforce.
Based on news reporting.
Summary
PayPal has laid off or is in the process of laying off nearly a quarter of its roughly 6,700 employees in India — about 1,675 people — as part of a broader multi-year transformation to simplify global operations and reduce costs. The company framed the reductions as part of an ongoing restructuring to reengineer technology infrastructure, strengthen execution and position PayPal for long-term growth, and did not provide an exact India headcount. The article also notes PayPal previously announced plans to cut about 20% of its global workforce (approximately 4,760 positions) over the coming years and references earlier workforce reduction programs from 2023–2025. PayPal additionally recently cut about 160 roles in Ireland, and its India centres in Chennai and Bengaluru are the largest technology hubs outside the U.S.
PayPal Holdings, Inc. cut 1,675 jobs affecting its technology / India workforce team.
That is roughly 6.2% 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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