DUBLIN: In a recent announcement, payment giant PayPal has notified its workforce in Ireland about the impending layoff of 205 employees, with ongoing discussions to address the situation. This comes in the wake of the company’s global workforce reduction of 2,500 positions, constituting 9% of its total workforce. Notably, PayPal had already executed a workforce reduction of 2,000 employees in January 2023.
In a strategic move last year, PayPal had disclosed its intention to sell its Ballycoolin site and relocate to a more centralised location in Dublin. This transition resulted in the redundancy of 62 employees in March 2023 from offices in Dundalk and Dublin, ultimately leading to the closure of the Dundalk office. The remaining staff was shifted to a work-from-home system, and now they too are facing job terminations.
Ruari O’Murchu, Sinnfein TD for Louth, expressed concern over the impact of this decision on workers and their families at the beginning of the new year. O’Murchu emphasised the need for negotiations with employees before any dismissals and urged for comprehensive assistance and support for those affected. Additionally, he called for government intervention to facilitate the exploration of alternative job opportunities for the displaced workers.
Ged Nash, Labour TD, echoed these sentiments, describing the announcement as deeply concerning. Nash urged a thorough examination of redeployment possibilities as an alternative to outright job layoffs. PayPal’s CEO, Alex Chriss, reassured that the decision would only be finalised after thorough discussions.
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