HUNT VALLEY, Md. — PayPal will be closing its Hunt Valley offices, and laying off 380 workers.
Officials with PayPal say the restructuring is part of the previously announced plan to transition PayPal Credit to Synchrony.
"We value the work of our Hunt Valley teammates and are making every effort to identify new opportunities for them both inside and outside of PayPal. We are fully committed to helping employees transition to the next steps in their careers."
PayPal will be providing comprehensive separation packages, career outplacement and employee assistance programs. Employees are being offered career coaching and advice from dedicated, on-site, career transition placement professionals and career coaches. Employees will receive career coaching, job search and resume assistance, information on networking, and interview training.
The transition from PayPal to Synchrony is expected to be done late June, the Hunt Valley location will close at that time. Until then all employees will have positions. The location in Timonium will remain open.
Baltimore County Executive Johnny Olszewski released this statement: “We were just informed that PayPal was planning to close one of its Baltimore County locations. As we did when we found out about GM, I asked our Workforce Development team to immediately devise a plan to assist the soon-to-be displaced workers, many of whom are county residents. It’s disappointing, but we going to do everything we can to assist the workers with employment and training opportunities so that they can again find meaningful employment.”