PayPal to lay off 2,000 employees in coming weeks, about 7% of workforce

TL;DR

"Change can be difficult – particularly when it includes valued colleagues and friends departing," Schulman wrote about the layoffs. In its third-quarter earnings report, PayPal beat on earnings and revenue expectations, but shares slid after the company's Q4 revenue estimate came in behind analysts' expectations. Global Business and Financial News, Stocks, Quotes, and Market Data, and Analysis

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