PayPal will lay off 2,000 workers, company says

PayPal said it plans to lay off about 2,000 employees, or roughly 7% of its staff, making it the latest tech firm to announce significant job cuts.about 2,000 employees, or roughly 7% of its staff, making it the latest tech firm to announce significant job cuts in recent months amid broader economic uncertainty.

In a memo to staff announcing the layoffs, PayPal CEO Dan Schulman referred to the "challenging macro-economic environment" and said the company "must continue to change as our world, our customers, and our competitive landscape evolve."

Lap yap

I’m not surprised, much.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PayPal will lay off 2,000 workers, company saysPayPal said it plans to lay off about 2,000 employees, or roughly 7% of its staff, making it the latest tech firm to announce significant job cuts.
Source: ABC7Chicago - 🏆 284. / 63 Read more »

PayPal will lay off 2,000 workers, company saysShares of PayPal are down more than 50% over the past year. PayPal CEO Dan Schulman, (who received $23,362,072 in total compensation) referred to the 'challenging macro-economic environment' and said the company 'must continue to change as our world, our customers, and our competitive landscape evolve.'
Source: 6abc - 🏆 250. / 63 Read more »

San Jose-based PayPal will lay off 2,000 workers, company saysShares of PayPal are down more than 50% over the past year. What is happening?
Source: abc7newsbayarea - 🏆 529. / 51 Read more »