In a move to streamline operations and enhance profitability, payments giant PayPal Holdings is set to reduce its global workforce by 9 per cent, equivalent to approximately 2,500 jobs, in 2024.

PayPal to cut 2,500 jobs in order to “right-size” the company

Credit Card and online payment interface PayPal Holdings said on Tuesday that it will cut 7 per cent of its workforce. This numbers to about 2,000 employees. PayPal, once helmed by billionaire business magnate Elon Musk, is the latest amongst a host of fintech firms who have been hit by the economic slowdown.

PayPal joins Silicon Valley's layoff wagon, announces 2,000 job cuts

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PayPal to cut 2,500 jobs in order to “right-size” the company

PayPal joins Silicon Valley's layoff wagon, announces 2,000 job cuts