PayPal will reduce its workforce by 9 percent this year through layoffs and through the elimination of open roles. (CNBC estimated that is about 2,500 jobs.) PayPal CEO Alex Chriss, who replaced Dan Schulman in September, communicated the news to Read more
PayPal will layoff 2,000 full time employees, which is about 7% of its total workforce, the company announced on Tuesday. It comes as other tech and ecommerce companies have laid off employees, including Amazon and Shopify. In PayPal’s case, CEO Read more
PayPal is scaling back the spending at Braintree, the online payments service eBay acquired before the split, according to TheNextWeb.com “Perhaps indicating that it may have been a bit too lavish with its cash, PayPal-owned Braintree is cancelling its global “tech Read more
eBay’s previously announced layoffs have begun this week, and though details are sketchy so far, it appears workers in India may be bearing the brunt of it. Worldlypost.in reports that of the expected 2,400 global layoffs, 1,000 of those may come from units Read more
