PayPal to cut 205 jobs from Irish workforce 

Cuts represent around 11% of the company's Irish employee base 

First established in Ireland more than 20 years ago, PayPal said it "remains committed to Ireland and plan to continue attracting the best possible talent in Ireland to meet the needs of our business." (Photo by Justin Sullivan/Getty Images)

Payments firm, PayPal is to cut more than 200 jobs across its Irish workforce as part of wider plans to reduce its global headcount.

Irish staff at the multinational payments firm were informed on Thursday of the cuts which will bring the company's total workforce here to just over 1,600.