PayPal cuts staff in India amid multi-year global transformation
SOURCENews reportView the filing ↗
What we know
Location: India (Chennai, Bengaluru, Hyderabad).
Department affected: technology, engineering, operations, payments, and finance.
Based on news reporting.
Summary
PayPal Holdings, Inc. has cut approximately 600 jobs in India, affecting nearly 10% of its local workforce across its Chennai, Bengaluru and Hyderabad centres. Impacted teams included technology, engineering, operations, payments and finance, with employees reportedly told of immediate dismissal via a sudden conference call and having internal access revoked. A PayPal spokesperson disputed larger figures, saying recent staffing adjustments directly affected 220 employees (around 4% of India teams), while another report suggested up to 1,500 roles could eventually be affected as part of ongoing shifts. The company says the reductions are part of a multi-year global transformation and efficiency plan that could reduce global headcount by up to 20% to deliver cost savings.
PayPal Holdings, Inc. cut 600 jobs affecting its technology, engineering, operations, payments, and finance team.
That is roughly 2.2% 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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