PayPal Cuts Approximately 220 Jobs in India as Part of Restructuring Efforts
PayPal has eliminated around 220 jobs in India, representing nearly 4% of its workforce there. The layoffs are part of a broader multi-year restructuring plan aimed at simplifying global operations and improving efficiency under CEO Enrique Lores. PayPal is targeting $1.5 billion in cost savings over the next two to three years through measures such as reducing organisational layers and increasing AI automation. The job cuts were reportedly sudden, with affected employees receiving no prior notice before being informed during a call on August 31. As of late 2025, PayPal had approximately 23,800 global employees. The restructuring comes amid ongoing speculation about potential acquisition interest in the company earlier this year. The move reflects broader efforts to strengthen execution and position PayPal for long-term growth as it faces competitive pressures in the payments sector.
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Topics: India Operations Layoffs PayPal Restructuring