PayPal is cutting thousands of jobs: Read CEO’s letter to employees

PayPal announces layoffs of 9% of its workforce, approximately 2,500 roles, in a memo from CEO Alex Chriss. Chriss emphasizes the need for focus, efficiency, and innovation to drive growth and address customer needs. The company aims to right-size the business and invest in areas for profitable growth while supporting employees through the transition.

PayPal is cutting thousands of jobs: Read CEO’s letter to employees
PayPal announces layoffs of 9% of its workforce, approximately 2,500 roles, in a memo from CEO Alex Chriss. Chriss emphasizes the need for focus, efficiency, and innovation to drive growth and address customer needs. The company aims to right-size the business and invest in areas for profitable growth while supporting employees through the transition.