Published Sep 03, 2026 | 1:21 PM ⚊ Updated Sep 03, 2026 | 1:24 PM
Reports suggest that affected employees in India were informed on a call on the morning of 31 August, about the layoff.
US payments major PayPal has cut hundreds of jobs across its India operations, with multiple reports saying it had let 600 employees go.
The move comes as the company pushes ahead with a wider restructuring effort aimed at reducing costs.
The job losses span PayPal’s three India centres in Chennai, Bengaluru and Hyderabad, and cut across technology, engineering, operations, payments and finance functions. The company’s India headcount had stood at over 6,000 before the cuts.
Globally, PayPal is said to employ around 24,000 people. These numbers are down from its peak employee count of around 31,000.
There have also been reports of job cuts elsewhere in the world at the end of August.
Israel’s Haaretz newspaper had also reported that nearly 25% of PayPal’s 300 employees there were being laid off. In Ireland, 164 employees were reported to have been let go. There have been some layoffs in the US, its headquarters too.
Reports suggest that affected employees in India were informed on a call on the morning of 31 August, with staff from multiple offices dialled in together. Access to internal systems was reportedly revoked soon after the call ended, leaving little room for a formal handover.
“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,” an employee was quoted as saying.
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A PayPal spokesperson told the media that India cuts are part of a previously announced, multi-year transformation drive to simplify the company’s global operations. The spokesperson was more conservative, putting the headcount reduction at “approximately 220 employees, representing a 4 per cent reduction in its India workforce.”
The reduction follows a larger plan PayPal flagged in May, when it said it would reduce nearly a fifth of its global workforce (about 5000 employees) over the next few years as it leans further into automation and AI to lower costs.
The company has repeatedly laid off staff in recent years, including an India-specific cut in 2025, and global restructuring rounds in both 2023 and 2024.
PayPal is not alone in scaling back its India teams this year. Oracle, Uber, Wells Fargo and Walmart have all announced job cuts in the country recently.
In all, over 175,000 jobs have been cut in the IT sector in 2026, according to TrueUp, which calls itself a tech job marketplace and AI agent for recruiting.
Oracle has seen the most layoffs, with 21000 people losing their jobs at the company.
Amit Taylor, founder of TrueUp, though, had described the job market as “holding steady despite everything else happening in the tech industry”, citing a rise in demand in hardware engineering jobs.
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(With inputs from Sreshta Ladegam.)
