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.
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Maeve Dorman, Senior Vice President at PayPal, said of the changes in Dublin and Dundalk: "Ways of working at PayPal, as at many other companies, have completely transformed over the last three years. Employees, including myself, have really embraced the flexibility of our new working models and the increased opportunity to work from home.
"As a result, employee footfall at our offices at Dublin and Dundalk has remained consistently low. Nonetheless, we have maintained our strong community connections and supports in these regions – and will continue to do so.”
In January, PayPal also announced that it would cut 2,000 jobs globally. PayPal is the latest in a series of tech companies to announce layoffs in Ireland.
In recent months, Google, Twitter, Meta, Stripe, Amazon, Intel, Microsoft, HubSpot and Salesforce have all announced cuts to their workforces in Ireland in recent months.
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