PayPal has eliminated roughly 220 roles in India as part of a previously announced restructuring programme, according to a person familiar with the matter. The job reductions are linked to a multi-year plan to simplify global operations and strengthen execution. A PayPal spokesperson said the staffing changes are part of the company's transformation to position for long-term growth. PayPal, under CEO Enrique Lores, targets $400 million in cost savings by year-end and at least $1.5 billion over the next two to three years. The layoffs represent nearly 4% of PayPal India's workforce of over 6,000 employees. One impacted employee said they received no prior notice and were informed on a call that they would be let go, with access revoked immediately. PayPal's global headcount was about 23,800 at the end of 2025. The restructuring comes amid market speculation about a potential acquisition, though reports indicate a consortium including Stripe and Advent is no longer pursuing a $53 billion offer.
PayPal Holdings IncPayPal cuts 220 jobs in India as part of restructuring to save costs, indicating operational strain.
