The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62.09 - Other information technology and computer service activities
307 jobs Number of planned job losses
Announcement Date
24 May 2022
Employment effect (start)
24 May 2022
Foreseen end date
Description
Paypal has announced to cut 307 jobs at its offices in Dublin and Dundalk, Co Louth. Job losses are across a range of functions. 135 of the redundancies will be at the Dublin office and 172 will be in Dundalk. It has been reported that some work is being relocated, possibly to Asia. The company is opening a consultation with impacted staff who have been notified about the situation.
Around 2,650 people are currently employed by Paypal in Ireland.
In 2021, Paypal had relocated 131 roles from Ireland to other countries (Paypal-2021-IE).
Eurofound (2022), Paypal, Internal restructuring in Ireland, factsheet number 106848, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/106848.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
