PayPal is shaking up its operations in Ireland, offering staff the choice of a new role or redundancy.
It is believed that PayPal staff were called into a meeting and told that 60 of them would be offered new roles within the company in Ireland, and that their current roles were no longer needed.
However, if the new positions do not suit the employees’ needs, they will be offered voluntary redundancy.
When PayPal announced jobs last year, it said that it hoped to have a total number of 1,600 staff in its Dublin office alone, with 3,000 employed in total in Ireland.
This marks another shake-up for Dundalk, as PayPal’s sister company eBay revealed back in August 2016 that it was pulling out of Louth, where it employed 150 people.
PayPal has since issued a statement to Siliconrepublic.com.
“We will be making some organisational changes to ensure we concentrate our efforts on giving our customers the best possible experience,” the PayPal spokesperson said.
“This will reduce the need for work in some areas of the business but, in other areas, the team will be growing. We are not reducing the overall size of our team in Ireland.
“We want all our teammates to stay with us, and everyone affected by this change will be offered a different role at PayPal.”
Meanwhile, PayPal’s latest earnings report shows it is far from struggling, with a 5.2pc rise in quarterly profits, according to Fortune.
Its total revenues grew from $2.54bn to $2.98bn during the quarter, with a net income of $384m.