Justin Sullivan/Getty Imagestech stalwart headquartered in the Bay Area, is sacking nearly 2,000 full-time employees in the latest tech layoff hammering the tech industry. PayPal website Tuesday, the San Jose-based company’s president and CEO Dan Schulman announced that 7% of the company’s employees will be cut over the coming weeks as a result of the “challenging macro-economic environment. PayPal website Tuesday, the San Jose-based company’s president and CEO Dan Schulman announced that 7% of the company’s employees will be cut over the coming weeks as a result of the “challenging macro-economic environment