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

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.The cuts will affect both existing roles and job listings that PayPal had planned to hire for, and will take place over the course of the year, Chriss wrote. Affected employees will be notified by the end of the week."Across our organization, we need to drive more focus and efficiency, deploy automation, and consolidate our technology to reduce complexit ...