PayPal Announces 600 Job Cuts in India Restructuring

PayPal has initiated a global restructuring plan that includes the layoff of approximately 600 employees across its Indian operations.

The move is part of a broader effort to streamline the company's workforce and reduce operational costs amid slowing growth in the digital payments sector.

Affected employees have been notified, and the company is providing severance packages as it shifts focus toward core AI-driven financial services.