PayPal has announced the cutting of 62 jobs in Ireland and the closure of its Dundalk office at the end of the month.
Staff in Dundalk who remain with the US payments company will work remotely, while staff in Dublin will move from the company’s office in Ballycoolin to a smaller location in the city centre.
The 62 redundancies equate to around 3% of PayPayl’s 2,100-strong Irish workforce, with 35 layoffs expected in Dublin and 27 in Dundalk.
The cuts are part of the 2,000 redundancies announced by the firm in January as part of cost cutting measures, affecting 7% of its global workforce. PayPal joins other tech giants such as Meta, Google, and Amazon in reducing staff numbers significantly.
PayPal said the closure of the Dundalk office would affect a number of contract workers who are employed through third parties to manage facilities.
“Those third parties will be able to provide more specific information, as some of these workers may be redeployed,” PayPal said in a statement. “PayPal will still play an active role in the local community.”
Maeve Dorman, senior vice president at PayPal, blamed “consistently low” employee footfall at its office for the decision to close the Dundalk office and downsize in Dublin.
“Employees, including myself, have really embraced the flexibility of our new working models and the increased opportunity to work from home,” she said.
“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.”
PayPal will start a formal consultation about the proposed cuts following the election of employee representatives, and said that no redundancies will be made until the process has concluded.