Layoffs in Ireland

PayPal laid off 4,760 employees representing approximately 20% of its workforce on 2026-05-05. The company is at the Post-IPO funding stage and operates in the Finance sector.

CarTrawler laid off 40 employees representing approximately 10% of its workforce on 2024-09-19.

PayPal has announced plans to cut up to 85 jobs from its Irish workforce, marking the second round of layoffs in Ireland this year. This follows the company's announcement in February to eliminate 205 positions locally. With approximately 1,600 employees in Ireland, these latest cuts represent about 5% of its Irish staff. The decision is part of a broader global strategy initiated by CEO Alex Chriss to reduce the company's worldwide headcount by about 9% in 2024, aiming to "right-size" the organization. The payments giant, a major player in the fintech industry, stated that the proposed changes are subject to consultation and that affected employees will be offered enhanced redundancy packages. Despite the reductions, PayPal reaffirmed its commitment to maintaining Ireland as a critical hub for its global operations.

PayPal laid off 2,500 employees representing approximately 9% of its workforce on 2024-01-30.

Merative, a US-based healthcare technology firm, is cutting approximately 100 jobs in Ireland, which represents about 25% of its 400-strong Irish workforce. The layoffs, announced in September 2023, are part of cost reduction efforts as the company shifts operations, notably expanding its teams in India. Most of the impacted roles are in the technology division, with additional cuts in sales, design, products, and communications. Merative, formed from IBM's Watson Health and owned by Francisco Partners, specializes in data and analytics for the health industry, serving governments and healthcare providers. The move follows a consultation period, with final decisions expected by mid-October, affecting some long-term employees.

DeepVerge laid off 50 employees representing approximately 100% of its workforce on 2023-07-12.

Workhuman, an Irish human resources technology firm, is laying off approximately 10% of its global workforce, affecting around 130 employees out of a total of 1,300. The company, which has major offices in Dublin and Boston, announced the cuts in March 2023 as part of a strategic realignment to balance growth with profitability amid a volatile economic climate. CEO Eric Mosley cited the need to invest in new strategic initiatives while exercising prudence. This marks the third major layoff announcement affecting Irish tech workers in a week, following similar moves by Meta and Amazon. Despite the reductions, Workhuman plans to continue hiring in key areas and offered affected employees a severance package including a minimum of three months' pay plus additional benefits.

Merative, the healthcare data and analytics company formerly known as IBM Watson Health, is laying off an estimated 200 employees, representing about 10 percent of its roughly 2,000-person workforce, as reported in February 2023. The layoffs are part of the company's strategic realignment following its acquisition by Francisco Partners. According to sources, the job cuts are associated with shifting roles offshore to reduce costs, with affected employees, including some over the age of 40, receiving three months of severance. This move continues a trend of restructuring within the health tech industry, as Merative focuses on its core product lines for long-term growth.

In February 2023, Irish e-learning startup LearnUpon announced a workforce reduction of 9%, affecting 27 employees globally, including seven in Ireland. The company, which employs nearly 300 people across its offices in Ireland, the US, Australia, and Serbia, cited a challenging global economic environment as the reason for the layoffs. Co-founder and CEO Brendan Noud stated that this difficult decision aims to strengthen the company's position for future growth, with the restructuring bringing its global headcount back to levels from 11 months prior. LearnUpon, a Deloitte Fast 50-ranked company that secured €47 million in funding in 2020, is a notable player in the learning management system industry.

PayPal announced on Tuesday that it will lay off 2,000 employees, representing approximately 7% of its total workforce. The decision, attributed to a challenging macroeconomic environment, is part of the company's ongoing efforts to focus resources on core priorities and reduce costs. This move aligns with a broader trend of job cuts across the tech industry, as companies like Google, Microsoft, and Salesforce have also recently announced significant layoffs. Despite beating earnings and revenue expectations in its third quarter, PayPal faces pressures from inflation and reduced discretionary spending, prompting this restructuring to strengthen its financial position moving forward.

In November 2022, the Dublin-based corporate gifting technology company &Open laid off nine employees, representing less than 10% of its global workforce of over 100 people. The job cuts were attributed to ongoing economic uncertainty, prompting the company to exercise caution. As part of the restructuring, the founders and executives also took pay cuts. &Open, founded in 2017, provides a platform for brands to send curated gifts to enhance customer loyalty and retention. The company, which had raised $26 million earlier in 2022 to expand operations, offered affected staff three months' pay in lieu of notice and covered unused leave.

On November 16, 2022, Irish fintech unicorn Wayflyer laid off 40% of its global workforce, affecting 200 employees. The company, which provides revenue-based financing to ecommerce businesses, admitted it had scaled too aggressively, growing its headcount fivefold in 2021. This rapid expansion, coupled with a challenging macroeconomic environment that has increased lending risks in the ecommerce sector, led to the significant cuts. The layoffs were part of an effort to strengthen the company's financial position after it achieved unicorn status earlier in the year.

PayPal laid off 83 employees on 2022-05-23.

Teamwork, a Cork-based project management software company and one of Ireland's fastest-growing indigenous tech businesses, has decided to postpone its plans to raise tens of millions in venture capital. Co-founder Peter Coppinger cited weakening tech valuations due to the unprecedented Covid-19 crisis as the reason, stating the company will hold off on fundraising for now. The company, which bootstrapped its way to around $30 million in revenue last year, is adjusting its strategy amid the global economic uncertainty, though specific layoff numbers or percentages were not disclosed in the available content.