PYPL Stock Analysis: Is PayPal Trimming the Fat for a Leaner, Meaner Comeback?

PayPal’s (NASDAQ:PYPL) Jan. 30 announcement that it was cutting 9% of its global workforce (about 2,500 employees) did not surprise investors. Much of the PayPal stock analysis, since Alex Chriss was appointed as CEO of the digital payments company last August, revolved around the changes required to make it a more agile company. “Today, I am writing to share the difficult news that we will be reducing our global workforce by approximately 9% through both direct reductions and the elimination of open roles ...