PayPal to layoff 2,000 employeeson February 1, 2023 at 11:16 Computerworld


PayPal has become the latest technology company to announce wide-spread layoffs, with the company set to cut 2,000 jobs, about 7% of its workforce.

In a message shared with PayPal employees and since posted on the company’s online newsroom, President and CEO Dan Schulman said while PayPal had made “significant progress…to address the challenging macro-economic environment” over the past year, “we have more work to do.”

The job cuts will occur over the coming weeks, with some parts of the business impacted more than others, Schulman added without sharing the specifics. 

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