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PayPal Announces Workforce Reduction of 9%

BySamod Biobaku February 3, 2024January 31, 2024

In the latest workforce adjustment within the tech industry, PayPal has revealed plans to cut approximately 9% of its employees, echoing a pattern seen across various tech giants such as Amazon, eBay, and Google in the first month of the new year. In a letter sent to staff on Tuesday, PayPal CEO Alex Chriss emphasized…

Brands | Business

Tech Layoffs: PayPal Cuts 2,000 Jobs as Global Economy Weakens

BySamod Biobaku February 2, 2023February 1, 2023

PayPal is shedding around 2,000 jobs, or 7% of its workers, as it becomes the latest big tech firm to cut costs. As reported on BBC, the online payments company says it was forced to make the decision as it faces “the challenging macro-economic environment.” PayPal’s announcement follows tens of thousands of layoffs by technology…