PayPal Lays Off 2,000 Employees
- Publish date: Wednesday، 01 February 2023
- Related articles
- 10,000 Expats Fired from Kuwait’s Govt Sector in 5 Years
- PAM Plans to Allow Transfer of Expat Employees from Closed Companies
- PAM Proposes Transfer of Residency for Expats Without Sponsor Approval
PayPal is laying off about 2,000 employees of its workers, to cut costs amid "the challenging macro-economic environment," the company said.
The latest layoff makes up 7 percent of online payments company's workers.
"We must continue to change as our world, our customers, and our competitive landscape evolve," PayPal's chief executive, Dan Schulman, said in a statement.
PayPal is the latest big tech firm to shed workers, following similar layoffs by firms such as Alphabet, Amazon, and Microsoft.
This article was previously published on UAE Moments.To see the original article, click here