Tech layoffs continue: PayPal lays off 2,500 employees to ‘right-size company’

As January comes to an end, we’ve witnessed a series of layoffs affecting a variety of tech companies, including Google, Microsoft, and eBay. Continuing this trend, PayPal, a major player in the payments industry, announced that it would lay off 2,500 employees, accounting for 9% of its global workforce. The company’s chief executive, Alex Chriss, … Read more

Payments company PayPal to cut around 2,500 jobs: report

Newly appointed CEO Chris said the decision was made to “right-size the company”. California: Payments company PayPal Holdings plans to cut about 2,500 jobs this year, or 9% of its global workforce, according to a letter from Chief Executive Alex Chriss seen by Reuters on Tuesday. In a letter to employees, newly appointed CEO Chris … Read more