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