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Some PayPal staffers only learned about the cuts through the media (File pic: RollingNews.ie)

Will other tech firms follow PayPal and cut Irish jobs?

At 10am on Tuesday, some staff at PayPal's offices in Blanchardstown and Dundalk were called at short notice to a meeting. There they were given the grim news that over 300 of them would be losing their jobs come July 12th. But will other tech firms follow PayPal's lead?

Business • 29 May 22

135 of the positions under threat are based in PayPal's Dublin office in Blanchardstown, while the remaining 172 roles are in Dundalk

307 PayPal jobs under threat in Dublin and Dundalk

307 jobs are under threat at online payment firm PayPal's offices in Dublin and Dundalk in Co Louth.

Business • 25 May 22

PayPal has warned that 2022 remains another challenging year to forecast

PayPal shares rise despite cut in annual profit view

PayPal Holdings shares traded higher last night on Wall Street despite the company lowering its full-year profit outlook, signaling that payments volumes could take a hit from surging inflation and the conflict in Ukraine.

Business • 28 Apr 22

Maeve Dorman, Vice President of Global Merchant Services, PayPal.

Online spending within Ireland jumped 41% last year

Irish consumers spent on average €503 with websites based in Ireland last year, up 41% on the previous year.

Business • 18 Feb 22

PayPal said it added 9.8 million net new active accounts during the past quarter

PayPal gives downbeat earnings forecast, shares plunge

PayPal Holdings is forecasting first quarter revenue and profit well below expectations, as it prepares to take a hit from eBay's ongoing move to ditch its payments services, sending its shares down 17.4%.

Business • 02 Feb 22

Maeve Dorman Senior Vice President at PayPal

Bigger spend on Christmas gifts this year - PayPal

Irish people are planning to spend 33% more on Christmas gifts this year, according to PayPal's Gifting and Giving study.

Business • 09 Dec 21

The companies have discussed a potential price of $70 per share, which would value Pinterest at around $39 billion

Reports PayPal in talks to buy Pinterest

Payments giant PayPal is in talks to buy digital pinboard site Pinterest, according to a person directly familiar with the matter.

Business • 20 Oct 21

The deal for Japan's Paidy marks another step for PayPal to claim the top spot in an industry experiencing a pandemic-led boom

PayPal heats up buy now, pay later race with Japan deal

US payments giant PayPal Holdings said it would acquire Japanese buy now, pay later (BNPL) firm Paidy in a $2.7 billion largely cash deal.

Business • 08 Sep 21

Bitcoin rose back above $50,000 today for the first time since May

Bitcoin jumps above $50,000 for first time since May

Bitcoin rose back above $50,000 today for the first time in three months after supportive news from payments giant PayPal and cryptocurrency platform Coinbase.

Business • 23 Aug 21

PayPal said it processed a total of $285 billion in payments in the first quarter, up 50% from a year earlier

PayPal profit tops estimates on digital payments boom

PayPal Holdings has reported its strongest first quarter on record and beat profit estimates, with a coronavirus-driven shift to online shopping and digital transactions boosting payment volumes.

Business • 06 May 21

The company employs 2,800 here in Ireland

131 jobs at risk at Paypal in Dublin and Dundalk

Up to 131 roles could be lost at Paypal's operations in Dublin and Dundalk, staff have been told.

Business • 14 Apr 21

The PayPal move could significantly boost use of digital assets in everyday commerce

PayPal launches US crypto checkout service

PayPal Holdings is due to announce later today that it has started allowing US consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally.

Business • 30 Mar 21

78% of those who bought from websites outside of Ireland spent with UK retailers during this time

88% of online shoppers buy from non-Irish sites

88% of Irish consumers who shop online bought from websites outside of Ireland during the last year, according to research carried out by PayPal.

Business • 11 Feb 21

On average, Irish consumers spend €541 on Christmas gifts.

Lockdown drives early Christmas shopping - PayPal

One third of Irish consumers, or 1.2 million people are Christmas shopping earlier this year due to lockdown, according to new research from PayPal.

Business • 02 Dec 20

A new PayPal survey reveals that 86% of consumers found benefits to buying online during the Covd-19 crisis

25% of people bought online for first time during Covid

A new study from PayPal reveals that one in four Irish consumers used or bought online services for the first time during the Covid-19 pandemic.

Business • 21 Oct 20

As part of the new service, PayPal is also offering unlimited cashback for Irish business account holders

PayPal launches its first business debit card here

PayPal has launched its first Business Debit Mastercard in Ireland, which offers business customers instant access to their available PayPal funds or PayPal balance for online and in-store business purchases.

Business • 23 Sep 20

PayPal is launching a new registered charity, PayPal Giving Fund Ireland

Online charity donations jump by almost 40% - PayPal

New research from PayPal, conducted by Ipsos, reveals that online charity donations increased dramatically in Ireland during the pandemic with four in five contributions made online.

Business • 17 Jul 20

About four in ten consumers say they do not wish to use cash in future transactions, a new PayPal survey reveals

Consumers keen to shop local, but less so with cash

About four in ten consumers say they don't wish to use cash in future transactions.

Business • 24 Jun 20

PayPal's revenue rose 17.4% to $4.96 billion, above analysts' expectation of $4.94 billion

PayPal forecasts 2020 profit below estimates

PayPal Holdings has forecast full-year adjusted profit below analysts' expectations as it invests in technology to fend off competition in a crowded digital payments space, sending its shares down 4%.

Business • 30 Jan 20

Xoom enables people to quickly send money to, pay bills for and top up phones in more than 130 markets internationally from Ireland

PayPal's Xoom money transfer service hits Ireland

PayPal has today launched its international money transfer service, Xoom, in Ireland.

Business • 14 Nov 19

Louise Phelan left her role at PayPal earlier this year

Louise Phelan to take up role with brother's firm

Louise Phelan is to join a leading solar power producer as Group Deputy CEO, having spent thirteen years as Vice President at PayPal.

Business • 29 Jul 19

PayPal added a record 13.8 million new active accounts in the fourth quarter, compared to an increase of 8.7 million a year ago

PayPal shares fall as sales outlook misses expectations

PayPal Holdings' shares fell almost 4% in after-hours trading last night after the online payments company forecast revenue for the current quarter short of Wall Street's expectations.

Business • 31 Jan 19

PayPal vice president Louise Phelan said that Money Pools is part of the move to digital money

PayPal's Money Pools to tackle group purchase problems

PayPal has today announced its latest innovation to help Irish consumers overcome problems with cash.

Business • 17 Jan 19

PayPal completed the purchase of Swedish payments firm iZettle, its largest ever acquisition, last month

PayPal's third quarter profit beats estimates

PayPal Holdings last night reported a third-quarter profit that beat analysts' estimates as the company signed up more new customers and volume of payments processed rose.

Business • 19 Oct 18

Louise Phelan, Vice President for Continental Europe, Middle East and Africa, PayPal

Online shoppers spent €2.7bn overseas in past year

The number of Irish consumers shopping at international online stores exceeds the number of domestic online shoppers in Ireland, according to new PayPal research.

Business • 30 Aug 18