PayPal has laid off approximately 600 employees in India, representing about 10% of its local workforce, as part of a global cost-reduction drive. The cuts affect staff across technology, engineering, and operations hubs in Chennai, Bengaluru, and Hyderabad. This move aligns with PayPal's May 2026 announcement to reduce global headcount by 20% over two to three years, aiming for $1.5 billion in savings.
PayPal reduces India headcount by around 600 in ongoing cost-reduction drive
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