More Irish lay-offs possible as PayPal vows to further slash costs

US payments company still employs 2,000 people here, but chief executive says management is planning more cuts globally

Dan Schulman, global chief executive of PayPal: company’s senior management team still ‘sharpening our pencils’ to identify additional areas to cut costs and improve productivity

PayPal has refused to rule out further redundancies and cost cutting at its Irish operations after the company announced plans to continue slashing operational costs across its global business.

The US payments giant announced in May that it will cut more than 300 jobs across its two Irish offices in Blanchardstown and Dundalk. It still employs over 2,000 staff here, but further job cuts to its Irish operations have not been ruled out by the ...