The record
Written from the 1 report below. Nothing here is unsourced.
- PayPal has laid off around 600 employees in India, roughly 10% of its workforce there, across offices in Chennai, Bengaluru and Hyderabad.
- The company says this is part of a multi-year global restructuring plan, though it stated that only about 220 employees in India were directly affected by this round.
- Affected workers say they were told of their dismissal on a sudden meeting call without prior notice, with their system access cut off immediately and only one month's pay as promised severance so far.
- The move comes as PayPal plans global job cuts of up to 20% of its roughly 23,800-strong workforce, alongside similar layoffs by other tech giants like Uber and Oracle.
What to watch next
- Whether the total impact on PayPal's Indian workforce reaches the reported 25% (around 1,500 employees) as the restructuring completes
- Clarity on full and final settlement terms for the affected employees
- Progress of further PayPal layoffs in the US, Europe, Middle East and Africa
Coverage1
1 report
Indian-language1
All filed from India
Named India · Ireland · Israel · United States · Business Line · layoffs.fyi · Moneycontrol · Oracle · PayPal · Uber
The 1 report is listed beside the record.
Ask this story
Answers cite the reports above, or say they can't.