PayPal Holdings IncPYPL
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PayPal cuts 600 jobs in India as part of global restructuring to reduce costs, targeting $1.5 billion in savings.
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Digital Finance & Tokenization
PayPal Holdings IncPayPal has laid off approximately 600 employees in India, about 10% of its local workforce, as part of a global restructuring to cut costs. The cuts hit technology, engineering, operations, payments, and finance roles at its hubs in Chennai, Bengaluru, and Hyderabad. Notification calls began on August 31, with affected staff receiving one month's severance and job-placement help. This follows a May 2026 plan to reduce global headcount by 20% over two to three years, targeting at least $1.5 billion in savings and potentially affecting nearly 4,760 of 23,800 positions worldwide.
PayPal Holdings IncPayPal cuts 600 jobs in India as part of global restructuring to reduce costs, targeting $1.5 billion in savings.