Paypal laid off about 2,500 employees
The global digital payments giant, would have laid off about 2,500 employees today, in order to reduce operating costs
PayPal, the global digital payments giant, would have laid off about 2,500 employees today, in order to reduce operating costs and maximize profit margins.
PayPal cuts payroll An employee of the company who attended a meeting confirmed this, saying that among the fired are members of engineering, research and development teams, Watcher Guru reported.
The employee’s information matches what was seen today among some affected employees, who updated their LinkedIn profiles and shared the news with their contacts.
Some noted that the move was driven by the company’s new CEO, Alex Chriss, who took over the helm of PayPal in September last year and seeks to maximize the company’s profits.
The curious thing about this move is that it comes days after Chriss participated in an interview for CNBC, where he spoke briefly about PayPal’s new plans and said that they would “surprise the world” with what they have planned.
It should be noted that PayPal is not the only technology company that has decided to cut its workforce to save costs. 2023 was full of many organizations in the crypto sector that took similar steps, and the most recent to do so was Block, the Blockchain payments and development company led by Jack Dorsey, which laid off an undetermined number of employees this week.
K. Tovar
Source: DiarioBitcoin
(Reference image source: Marques Thomas, Unsplash)
Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram
