PayPal Eliminates 220 Roles in India as Part of Global Restructuring

The payments company has eliminated approximately 220 positions in India as part of a previously disclosed restructuring initiative, according to a person with knowledge of the matter cited by Reuters.

These workforce reductions form part of a multi-year effort to reshape the company's global operating model. PayPal India employs more than 6,000 people, meaning the cuts represent nearly 4% of its local headcount.

A company spokesperson told the news agency the staffing changes are "part of our previously announced multi-year transformation to simplify our global operations, strengthen execution, and position the company for long-term growth."

Under newly appointed CEO Enrique Lores, PayPal has outlined aggressive cost-saving measures this year to strengthen its competitive position in the payments market.

The company is pursuing $400m in cost savings by year-end and at least $1.5bn over the next two to three years. The initiatives include reducing organisational layers, improving productivity, and expanding the use of AI and automation across operations.

As of the end of 2025, PayPal's global workforce stood at approximately 23,800 employees.

One impacted worker told Moneycontrol that staff received no prior warning before the cuts were announced.

We didn't get any prior notice. We got an invite to join a call on Monday morning (August 31) and there were many employees on it from across offices in India. We were informed that we would be let go. Right after the call, our access was immediately revoked.

The workforce reduction comes as PayPal continues to attract market speculation about a potential acquisition.

Earlier this year, reports emerged that a consortium including payments company Stripe and private equity firm Advent had made a $53bn offer to acquire PayPal. Recent media reports indicate the parties are no longer pursuing the deal.