PayPal Layoffs 2024: What to Know About the Latest PYPL Job Cuts

PayPal (NASDAQ:PYPL) is the latest company to announce that it’s carrying out layoffs, as its CEO, Alex Chriss, disclosed in an email to employees that it plans to eliminate 2,500 positions. The PayPal layoffs will reduce the fintech giant’s workforce by roughly 9%. The firm dismissed about 2,000 of its employees in 2023. More About the PayPal LayoffsChriss stated that the downsizing would be carried out “through both direct reductions and the elimination of open roles over the course of the year.” He added ...