PayPal to Cut Nearly a Quarter of India Workforce in Global Restructuring
· Business · BusinessLine, Business Standard
PayPal is laying off nearly a quarter of its India workforce as part of a broader global restructuring drive. The company is cutting around 20% of its total global headcount, with parallel layoffs reported in Israel where dozens of staff have lost jobs. PayPal has not publicly detailed which Indian offices or business units are most affected. The layoffs come as the payments major looks to streamline operations and reduce costs amid intensifying competition in digital payments. The exact number of India employees impacted and the cities involved remain unclear.
Why it matters
Hundreds of Indian tech and payments-sector employees face sudden job losses at one of the world's largest fintech firms, adding to a growing wave of global IT layoffs that have hit Indian offices hard. The cuts also reflect PayPal's struggle to stay competitive against newer players like PhonePe, Paytm, and Google Pay, raising questions about its long-term India strategy.
Read the original report — BusinessLine
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