PayPal Announces Major Job Cuts in India as Part of Global Restructuring
PayPal has reportedly cut around 600 jobs in India, representing approximately 10% of its local workforce. The layoffs occurred across multiple departments including technology, engineering, operations, payments, and finance at offices in Chennai, Bengaluru, and Hyderabad. Employees were notified on August 31, with some reporting immediate revocation of company system access after termination calls. This reduction is part of PayPal's broader global restructuring plan announced earlier this year to cut its workforce by approximately 20% over two to three years. The goal is to achieve at least $1.5 billion in annual cost savings. With around 6,000 employees in India and a total global headcount of about 23,800 as of the end of 2025, these cuts are significant for both local operations and overall company strategy. PayPal's Indian workforce supports critical technology functions such as machine learning, AI, fraud prevention, risk management, and data science. The layoffs follow similar restructuring efforts by other multinational firms in India.
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Topics: India operations layoffs PayPal restructuring