Brief by Shorts91 Newsdesk / 06:09am on 03 Sep 2026,Thursday Business
PayPal has reportedly laid off around 600 employees in India, about 10% of its workforce, amid a global restructuring. According to reports, the cuts affected teams in Chennai, Bengaluru and Hyderabad across technology, engineering, operations, payments and finance. Some employees said they were informed during a group call on August 31 and immediately lost access to company systems. Reports said affected workers were offered job assistance and promised one month’s salary as severance. A separate report claimed up to 25% of PayPal’s Indian workforce, or about 1,500 employees, could eventually be affected. PayPal is reportedly planning 20% global job cuts. (PC: India Today)
