PayPal will cut about 2,500 jobs, or 9% of global workforce

Jan 30, 2024 · PayPal will cut 9% of its global workforce, or about 2,500 jobs, CEO Alex Chriss wrote Tuesday in an internal letter to employees, which was viewed by CNBC.

CouponFollow Extension

9%
OFF

PayPal Will Cut About 2,500 Jobs, Or 9% Of Global Workforce

2 days from now

Jan 30, 2024 · PayPal will cut 9% of its global workforce, or about 2,500 jobs, CEO Alex Chriss wrote Tuesday in an internal letter to employees, which was viewed by CNBC.

cnbc.com

9%
OFF

PayPal To Cut 2,500 Jobs, Adding To January Layoff …

2 days from now

Jan 30, 2024 · PayPal will cut 9% of its workforce, adding to a slew of January layoffs. Last week, its new CEO announced a "new chapter" including AI products.

businessinsider.com

9%
OFF

PayPal To Cut 9% Of Its Workforce In Latest Round Of Tech Layoffs

2 days from now

Jan 31, 2024 · EBay recently announced layoffs, and the two companies citied similar reasons for the move. Tech Layoffs On Jan. 23, eBay announced it would be removing about 9% of its …

cbsnews.com

9%
OFF

Tech Giant PayPal Announces Massive Layoff Round, 311 Cuts In

2 days from now

Jan 30, 2024 · PayPal announced plans to cut 9% of its workforce Tuesday, and a company spokesperson told SFGATE the cuts would include hundreds in the Bay Area.

sfgate.com

9%
OFF

PayPal To Cut Global Workforce By 9% Amid Turnaround Plan

2 days from now

Jan 30, 2024 · The digital payments company's headcount reduction comes on top of a prior round of layoffs of 7% last year, and will be made through direct cuts and the elimination of …

morningstar.com

9%
OFF

PayPal Cuts 9% Of Workforce As Part Of Big Tech Layoffs

2 days from now

Jan 31, 2024 · PayPal has announced it will cut 9% of its global workforce, which equates to around 2,500 jobs. The fintech company made a similar move just last year almost to the day, …

digit.fyi

9%
OFF

PayPal Plans To Cut 9% Of Workforce, Adding To Wave Of Tech …

2 days from now

Feb 2, 2024 · Key Takeaways PayPal said Tuesday it is cutting 9% of its total workforce; its shares fell more than 1% a day after.The digital payment company cuts come as several tech …

toolsforinvestors.com

9%
OFF

PayPal Is Cutting 2,500 Jobs Globally In Major Workforce Reduction

2 days from now

Jan 31, 2024 · PayPal has become the latest in a long line of tech companies to announce massive job cuts. The payments giant is reducing its global workforce by 9%, which equates to …

techspot.com

9%
OFF

PayPal To Lay Off 9% Of Workforce In 2024

2 days from now

Jan 30, 2024 · Another tech company announced plans to reduce its workforce. PayPal's CEO Alex Chriss note to staff Tuesday read in part, "we will be reducing our global workforce by …

kfoxtv.com

9%
OFF

Tech Layoffs: PayPal Plans To Cut 9% Of Workforce

2 days from now

Mar 20, 2024 · PayPal has revealed plans to cut 9% of its total workforce, impacting 2,500 employees, according to a statement from CEO Alex Chriss. The digital payment giant aims to …

globalfintechmarket.com

9%
OFF

Payments Firm PayPal To Reduce Global Workforce By 9% In 2024

2 days from now

Jan 30, 2024 · Payments firm PayPal Holdings is planning to cut about 2,500 jobs, or 9% of its global workforce, this year, a letter from CEO Alex Chriss, seen by Reuters, showed on Tuesday.

reuters.com

7%
OFF

PayPal To Begin Company-Wide Layoffs - The Wrap

2 days from now

Jan 30, 2024 · Nearly one year ago today, PayPal announced plans to cut 2,000 employees, around 7% of its workforce. The tech industry has seen a slew of major layoffs since the start …

thewrap.com

9%
OFF

News | PayPal Adds To Tech Layoffs With 9% Workforce Cut - CoStar

2 days from now

Jan 31, 2024 · PayPal has added to an ongoing round of technology layoffs in the early weeks of 2024, with the payment services provider planning to reduce its workforce by 9%, or 2,500 …

costar.com

10%
OFF

A Comprehensive List Of 2024 Tech Layoffs | TechCrunch

2 days from now

4 days ago · Announced plans to cut 10% of its workforce, impacting roughly 500-plus employees, in an effort to “reduce hierarchy.” Polygon Labs Has laid off 60 employees , or about 19% of its …

techcrunch.com

FAQs about PayPal will cut about 2,500 jobs, or 9% of global workforce Coupon?

Did PayPal cut 9% of its staff?

The company, which owns Venmo, is cutting 9% of its staff. PayPal plans to cut its workforce by 9%, the San Jose-based tech giant announced Tuesday — almost exactly one year after a similarly sized layoff round . CEO Alex Chriss announced the cuts in a Tuesday email to staff, now published on the company’s website. ...

Does PayPal plan to cut 9% of its workforce?

PayPal plans to cut 9% of its workforce, which amounts to about 2,500 jobs. The CEO stated that these cuts will 'right-size our business.' PayPal's stock has experienced a decline of more than 20% over the past year. Last week, CEO Alex Chriss announced that the payment company would be launching new products using AI. ...

How many jobs has PayPal cut in a year?

PayPal has become the latest in a long line of tech companies to announce massive job cuts. The payments giant is reducing its global workforce by 9%, which equates to around 2,500 jobs. The news comes almost exactly a year after PayPal laid off 2,000 people, or about 7% of its total number of employees. ...

What are PayPal layoffs?

The PayPal layoffs come amid an onslaught of recent tech industry layoffs at companies including Salesforce (CRM), Microsoft (MSFT), Google (GOOGL), and Amazon (AMZN), among others. PayPal laid off 7% of its workforce at the start of 2023, and had 29,900 staff as of 2022, meaning that the latest 9% round will affect 2,500 workers. ...

How many PayPal workers will be laid off in 2023?

The financial payments giant laid off about 2,000 workers on Jan. 31, 2023, meaning the 9% cut announced Tuesday will likely eliminate around 2,500 jobs. Chriss wrote that PayPal workers would learn if they were laid off by the end of the week. ...

Why did PayPal cut around 2,500 jobs in 2022?

PayPal, which employed around 29,900 workers at the end of 2022, announced in January that it would cut around 2,500 jobs. This reduction in workforce will allow the firm to “move with the speed needed to deliver for our customers and drive profitable growth,” according to Chriss in a letter. ...