PayPal Lays Off 2,000 Employees

  • Publish date: Wednesday، 01 February 2023
Related articles
Boeing Co. to Lay Off around 2000 Employees
Emirates to Start Daily Flights to Toronto from April 20
UAE Updates Fines for Emirates ID and Residency Violations

PayPal is laying off about 2,000 employees of its workers, to cut costs amid "the challenging macro-economic environment," the company said.

The latest layoff makes up 7 percent of online payments company's workers.

"We must continue to change as our world, our customers, and our competitive landscape evolve," PayPal's chief executive, Dan Schulman, said in a statement.

PayPal is the latest big tech firm to shed workers, following similar layoffs by firms such as Alphabet, Amazon, and Microsoft.