{"id":438411,"date":"2022-04-28T00:13:58","date_gmt":"2022-04-27T21:13:58","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/paypal-is-shuttering-its-san-francisco-office-report\/"},"modified":"2022-04-28T00:13:58","modified_gmt":"2022-04-27T21:13:58","slug":"paypal-is-shuttering-its-san-francisco-office-report","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/paypal-is-shuttering-its-san-francisco-office-report\/","title":{"rendered":"# PayPal is shuttering its San Francisco office: Report"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3493dab0979\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3493dab0979\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/paypal-is-shuttering-its-san-francisco-office-report\/#%E2%80%9D_PayPal_is_shuttering_its_San_Francisco_office_Report_%E2%80%9C\" >&#8221; PayPal is shuttering its San Francisco office: Report &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_PayPal_is_shuttering_its_San_Francisco_office_Report_%E2%80%9C\"><\/span>&#8221; PayPal is shuttering its San Francisco office: Report &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvYzlhMTMyMjMtMWExYy00ZjQzLWIyOTQtMjNkYjVhNDViODVjLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Major United States-based payment processor PayPal will reportedly be closing its office in San Francisco, while the headquarters in nearby San Jose will remain available to employees.<\/p>\n<p>According to a Wednesday report from TechCrunch, the payments firm will be <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/techcrunch.com\/2022\/04\/27\/paypal-shuttering-its-san-francisco-office\/\" data-amp=\"https:\/\/techcrunch-com.cdn.ampproject.org\/c\/s\/techcrunch.com\/2022\/04\/27\/paypal-shuttering-its-san-francisco-office\/amp\/\">closing<\/a> its offices in downtown San Francisco with its Xoom arm \u2014 the division responsible for international digital money transfer services. At the time of publication, PayPal has several job listings for San Francisco as well as 17 other locations across the United States, and 32 international locations. <\/p>\n<p>A PayPal spokesperson reportedly hinted the closure was aimed at the company evaluating its \u201cglobal office footprint.\u201d Another person at PayPal familiar with internal h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>enings at the firm said displaced San Francisco employees would also have the option of working remotely. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">PayPal shuttering its San Francisco office <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/XEQvXwYVYH\" data-amp=\"https:\/\/techcrunch-com.cdn.ampproject.org\/c\/s\/techcrunch.com\/2022\/04\/27\/paypal-shuttering-its-san-francisco-office\/amp\/\">https:\/\/t.co\/XEQvXwYVYH<\/a> by <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/bayareawriter?ref_src=twsrc%5Etfw\">@bayareawriter<\/a><\/p>\n<p>\u2014 TechCrunch (@TechCrunch) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TechCrunch\/status\/1519390055772663820?ref_src=twsrc%5Etfw\">April 27, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nPayPal <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/s1.q4cdn.com\/633035571\/files\/doc_financials\/2022\/q1\/Q1-22-PayPal-Earnings-Release.pdf\">released<\/a> its earnings report for the first quarter of 2022 on Wednesday, reporting the firm had a total payment volume of $323 billion and transaction revenues totaling roughly $6.5 billion. The latter included fees from facilitating \u201cthe purchase and sale of cryptocurrencies.\u201d <\/p>\n<p>Since announcing it would accept cryptocurrency payments in 2021, PayPal has made inroads into the digital asset space by exploring the development of a stablecoin. In addition, the payments firm established an advisory council in February aimed at supporting endeavors related to crypto, blockchain and digital currencies.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Demand for PayPal\u2019s crypto offering exceeded all expectations, CEO says<\/em><\/strong><\/p>\n<p>The San Francisco Bay Area is home to many major crypto and tech companies, but some firms have made an exodus in recent years, possibly due to staff willing to accept remote working conditions amid the pandemic. Major crypto exchange Coinbase announced in May 2021 that it would be closing its San Francisco headquarters in 2022 as part of its commitment to \u201cbeing remote first.\u201d<\/p>\n<p>Kraken CEO Jesse Powell also said in April that the firm had shut down its global headquarters in the city by the bay following reports several of its employees had been \u201cattacked, harassed and robbed on their way to and from the office.\u201d<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/paypal-is-shuttering-its-san-francisco-office-report\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; PayPal is shuttering its San Francisco office: Report &#8220; Major United States-based payment processor PayPal will reportedly be closing its office in San Francisco, while the headquarters in nearby San Jose will remain available to employees. According to a Wednesday report from TechCrunch, the payments firm will be closing its offices in downtown San&#8230;<\/p>\n","protected":false},"author":1,"featured_media":438412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvYzlhMTMyMjMtMWExYy00ZjQzLWIyOTQtMjNkYjVhNDViODVjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74889,76574,117,70916],"class_list":["post-438411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-payments","tag-paypal","tag-business","tag-san-francisco"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/438411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=438411"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/438411\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/438412"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=438411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=438411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=438411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}