PayPal to cut 85 jobs in Ireland in second round of losses this year

This follows a round of job cuts at the payments company earlier this year.

In February, staff at PayPal were told that 205 jobs were at risk as part of a global reduction.

PayPal informed employees at its Irish operations today that it is looking to cut a further 85 roles.

It currently employs around 1,600 people here.

The company said the proposed job losses are part of its ongoing strategic transformation which was announced earlier this year.

A PayPal spokesperson said that the proposed changes to the Irish workforce are subject to consultation and no redundancies will take place until a consultation process has been completed.

“PayPal is committed to ensuring that colleagues who leave under the proposed changes are treated fairly,” the spokesperson said. “It is offering discretionary enhanced redundancy and support packages to help them as they move to the next step in their…