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PayPal to reduce global workforce by 9% in 2024; see details

The move aligns with CEO Alex Chriss's earlier statements in November, where he expressed intentions to bolster revenue beyond transaction-related volumes and committed to trimming down the fintech firm's cost structure.

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Layoffs in 2024: PayPal cuts 2,500 jobs, UPS to let go of 12,000 employees

Payment platform PayPal is planning to cut around 2,500 jobs while United Parcel Service Inc (UPS) has also announced to let go of 12,000 employees.

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Why is PayPal laying off 2,500 employees? January 2024 sees over 28,000 job cuts

The job cuts amount to 9 per cent of the global PayPal workforce

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PayPal layoffs: After Google, Microsoft, another tech company plans to fire 2,000 employees

President and CEO Dan Schulman wrote in a release that PayPal is working to address the “challenging macroeconomic environment.”

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