Tech giant PayPal is planning to cut 62 Irish jobs with the sale of its offices in Ballycoolin in Dublin and Dundalk in Co Louth.
The company is to sell its office at Blanchardstown in Ballycoolin Business Park and move to a smaller, more central location in Dublin. It is understood that at least 35 of the layoffs will be in Dublin, and 27 jobs are to be cut in Dundalk.
In a statement issued to staff, PayPal said that it is committed to Ireland and will continue to employ approximately 2,000 people in the country after these changes. The company added no redundancies will take effect in Ireland until after an employee consultation process has concluded.
