It's understood redundancies will be sought on a voluntary basis.
Just over 300 jobs are being cut at PayPal's Irish operations.
135 jobs will go at PayPal's Blanchardstown office, with a further 172 at its facility in Dundalk, with staff informed this morning.
PayPal says the company won't be seeking voluntary redundancy on this occassion
The Tanaiste says the news will come as a shock to staff working at the company's Dundalk and Blanchardstown offices.
While the company says it's committed to the remaining 2000 staff members in Ireland, Louth TD Ged Nash thinks that should be taken with a pinch of salt:

Further Increase Expected In Number Of Landlords Leaving Property Market, As Price Of Three-Bed Semi Rises In Kildare
Over 1,700 Garda Checkpoints In Operation Over Christmas Period, With Naas RPU Detecting Multiple Speeding Motorists
€1.2m Approved For Zipline And High Ropes Adventure Centre At Donadea
Christmas Appeal To Adopt Dogs As Euthanasia Figures Rise
Speed Enforcement To Increase In Kildare With 21 New Camera Zones To Be Rolled Out In January
Over 400 Motorists Caught Speeding So Far Today, Including A Driver In Kilcock
Transport Minister In Discussions With Irish Rail About Extending Late-Night Trains Beyond Christmas
Tadhg And Mary Should Be Looking Forward To Christmas, Say Gardai As Fresh Appeal Launched