{"id":546254,"date":"2023-02-01T01:15:31","date_gmt":"2023-01-31T22:15:31","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/paypal-to-cut-2000-jobs-in-latest-tech-company-cost-cutting\/"},"modified":"2023-02-01T01:15:31","modified_gmt":"2023-01-31T22:15:31","slug":"paypal-to-cut-2000-jobs-in-latest-tech-company-cost-cutting","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/paypal-to-cut-2000-jobs-in-latest-tech-company-cost-cutting\/","title":{"rendered":"#PayPal to cut 2,000 jobs in latest tech company cost-cutting"},"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-6a4133b20cfdf\" 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-6a4133b20cfdf\" 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-to-cut-2000-jobs-in-latest-tech-company-cost-cutting\/#%E2%80%9CPayPal_to_cut_2000_jobs_in_latest_tech_company_cost-cutting%E2%80%9D\" >&#8220;PayPal to cut 2,000 jobs in latest tech company cost-cutting&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CPayPal_to_cut_2000_jobs_in_latest_tech_company_cost-cutting%E2%80%9D\"><\/span>&#8220;PayPal to cut 2,000 jobs in latest tech company cost-cutting&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<div class=\"article-gallery lightGallery\">\n<div data-thumb=\"https:\/\/scx1.b-cdn.net\/csz\/news\/tmb\/2023\/paypal-to-cut-2000-job.jpg\" data-src=\"https:\/\/scx2.b-cdn.net\/gfx\/news\/hires\/2023\/paypal-to-cut-2000-job.jpg\" data-sub-html=\"Signage outside PayPal headquarters in San Jose, Calif., is pictured on March 10, 2015. PayPal said Tuesday, Jan. 31, 2023, that it will trim about 7% of its total workforce, or about 2,000 full-time workers, as the digital payments company contends with what it calls \u201cthe challenging macro-economic environment.\u201d Credit: AP Photo\/Jeff Chiu, File\">\n<figure class=\"article-img\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/scx1.b-cdn.net\/csz\/news\/800a\/2023\/paypal-to-cut-2000-job.jpg\" alt=\"PayPal to cut 2,000 jobs in latest tech company cost-cutting\" title=\"Signage outside PayPal headquarters in San Jose, Calif., is pictured on March 10, 2015. PayPal said Tuesday, Jan. 31, 2023, that it will trim about 7% of its total workforce, or about 2,000 full-time workers, as the digital payments company contends with what it calls \u201cthe challenging macro-economic environment.\u201d Credit: AP Photo\/Jeff Chiu, File\" width=\"800\" height=\"530\"\/><figcaption class=\"text-darken text-low-up text-truncate-js text-truncate mt-3\">\n                Signage outside PayPal headquarters in San Jose, Calif., is pictured on March 10, 2015. PayPal said Tuesday, Jan. 31, 2023, that it will trim about 7% of its total workforce, or about 2,000 full-time workers, as the digital payments company contends with what it calls \u201cthe challenging macro-economic environment.\u201d Credit: AP Photo\/Jeff Chiu, File<br \/>\n            <\/figcaption><\/figure>\n<\/div>\n<\/div>\n<p>PayPal said Tuesday it will trim about 7% of its total workforce, or about 2,000 full-time workers, as the digital payments company contends with what it calls &#8220;the challenging macro-economic environment.&#8221;<\/p>\n<p>PayPal said it will make the cuts over several weeks, with some of its organizations affected more than others. The company did not further specify. PayPal is the parent of Venmo, Xoom and Honey, among other brands.<\/p>\n<p>The company based in San Jose, California, is the latest in the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> sector to trim its headcount. During the month of January alone, Google, Microsoft and Salesforce announced tens of thousands of layoffs.<\/p>\n<p>Last summer activist investor Elliott Management bought a stake then worth about $2 billion in PayPal, which said it had entered into an &#8220;information-sharing agreement&#8221; with Elliott &#8220;to continue collaboration across a range of value-creation opportunities.&#8221;<\/p>\n<p>&#8220;Over the past year, we made significant progress in strengthening and reshaping our company to address the challenging macro-economic environment while continuing to invest to meet our customers&#8217; needs,&#8221; PayPal President and CEO Dan Schulman said Tuesday in a statement. &#8220;While we have made substantial progress in right-sizing our cost structure, and focused our resources on our core strategic priorities, we have more work to do.&#8221;<\/p>\n<p>PayPal Holdings Inc. is scheduled to report quarterly results Feb. 9.<\/p>\n<p>Shares of the company are down about 53% in the past year. They rose 2.3% to close Tuesday at $81.49.<\/p>\n<p class=\"article-main__note mt-4\">\n                                                \u00a9 2023 The Associated Press. All rights reserved. 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PayPal said Tuesday, Jan. 31, 2023, that it will trim about 7% of its total workforce, or about 2,000 full-time workers, as the digital payments company contends with what it calls&#8230;<\/p>\n","protected":false},"author":1,"featured_media":546255,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/scx2.b-cdn.net\/gfx\/news\/hires\/2023\/paypal-to-cut-2000-job.jpg","fifu_image_alt":"","footnotes":""},"categories":[16],"tags":[],"class_list":["post-546254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sciencee"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/546254","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=546254"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/546254\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/546255"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=546254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=546254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=546254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}