PayPal to cut 2,000 jobs, or 7% of its workforce

TL;DR

PayPal said Tuesday it will trim about 7% of its total workforce, or about 2,000 full-time workers, as the digital payments company contends with what it calls "the challenging macro-economic environment. Last summer activist investor Elliott Management bought a stake then worth about $2 billion in PayPal, which said it had entered into an "information-sharing agreement" with Elliott "to continue collaboration across a range of value-creation opportunities. First published on January 31, 2023 / 6:16 PMQuotes delayed at least 15 minutes

Like summarized versions? Support us on Patreon!