Layoffs · Financial Services

PayPal cuts 220 jobs in India as part of global layoffs

By Startup Enthusiast · 3 September 2026

What they do

PayPal is a digital payments company that processes online transactions for individuals and businesses

It laid off about 220 employees in India, roughly 4% of its India workforce, affecting tech and finance roles

The layoffs are part of a global plan to cut 20% of staff over several years and save at least $1.5 billion

PayPal laid off about 220 employees in India, roughly 4% of its India workforce.
The layoffs affected roles in tech, engineering, operations, payments, and finance in Chennai, Bengaluru, and Hyderabad.
Impacted employees were called on August 31, informed of the layoffs, and had their system access revoked shortly after.
The layoffs are part of a multi-year transformation to simplify global operations and strengthen execution.
PayPal aims to cut its global workforce by about 20% (about 4,760 jobs) over multiple years.
The overhaul is intended to generate at least $1.5 billion in savings.
The rollout is phased, starting in Asia-Pacific (including India), then the US, Europe, Middle East, and Africa.

CEO Enrique Lores said simplifying the organisation and reducing cost structure will increase investment for long-term growth.
The company is shifting from stabilisation to targeted growth investment and accelerating momentum with next-generation innovations.
Same week, Oracle reportedly could cut about 3,000 jobs in India, and Uber is axing 200-250 Indian jobs as part of global restructuring.
Earlier this year, Amazon announced 16,000 job cuts globally, Meta downsized its metaverse division by around 1,500 employees, and Atlassian announced 1,600 job cuts with India employees accounting for around 16% of impacted workforce.

PayPal is a digital payments platform that enables online money transfers and payments for individuals and businesses.
It processes transactions in over 200 markets and supports more than 25 currencies.
The company earns revenue through transaction fees, currency conversion, and merchant services.
PayPal operates globally, with major offices in the US, India, Europe, and other regions.
Its India operations include offices in Chennai, Bengaluru, and Hyderabad, focusing on technology, engineering, and operations.

PayPal will continue the phased rollout of layoffs in the US, Europe, Middle East, and Africa.
The company aims to simplify its organisation and reduce cost structure to increase investment for long-term growth.
It plans to shift from stabilisation to targeted growth investment and accelerate momentum with next-generation innovations.