PayPal terminated approximately 600 employees in India on September 3, 2026, as part of a broader global restructuring plan initiated by the company's new CEO.
Affected staff reported receiving off-boarding emails without prior notice, impacting operations across three major Indian cities where the firm employs over 6,000 people.
The layoffs are part of a larger effort to reduce operational costs, with PayPal cutting a total of 6,700 jobs worldwide to streamline its business model.