<strong> </strong>PayPal will cut some 2,500 jobs in the upcoming year, according to <a href="https://www.bloomberg.com/news/articles/2024-01-30/paypal-to-cut-around-2-500-jobs-as-rivals-snag-market-share" target="_blank" class="color-link" title="https://www.bloomberg.com/news/articles/2024-01-30/paypal-to-cut-around-2-500-jobs-as-rivals-snag-market-share" rel="nofollow noopener noreferrer" data-ga-track="ExternalLink:https://www.bloomberg.com/news/articles/2024-01-30/paypal-to-cut-around-2-500-jobs-as-rivals-snag-market-share" aria-label="Bloomberg">Bloomberg</a>, marking the <a href="https://www.forbes.com/sites/brianbushard/2024/01/30/microsoft-ebay-and-irobot-cut-hundreds-of-jobs-here-are-2024s-tech-layoffs/?sh=197b731477d2" target="_self" class="color-link" title="https://www.forbes.com/sites/brianbushard/2024/01/30/microsoft-ebay-and-irobot-cut-hundreds-of-jobs-here-are-2024s-tech-layoffs/?sh=197b731477d2" data-ga-track="InternalLink:https://www.forbes.com/sites/brianbushard/2024/01/30/microsoft-ebay-and-irobot-cut-hundreds-of-jobs-here-are-2024s-tech-layoffs/?sh=197b731477d2" aria-label="latest round">latest round</a> of tech industry layoffs so far this year.

 <div class="key-facts-element"> <p>The cuts will reduce PayPal’s workforce by about 9%, which includes both eliminating vacant positions and cutting jobs, CEO Alex Chriss told staff Tuesday in a letter obtained by Bloomberg.</p>  </div> <div class="key-facts-element"> <p>The letter <a href="https://www.bloomberg.com/news/articles/2024-01-30/paypal-to-cut-around-2-500-jobs-as-rivals-snag-market-share" target="_blank" class="color-link" title="https://www.bloomberg.com/news/articles/2024-01-30/paypal-to-cut-around-2-500-jobs-as-rivals-snag-market-share" rel="nofollow noopener noreferrer" data-ga-track="ExternalLink:https://www.bloomberg.com/news/articles/2024-01-30/paypal-to-cut-around-2-500-jobs-as-rivals-snag-market-share" aria-label="reportedly said">reportedly said</a> the company wanted to “right-size” PayPal, which employed some 29,900 people at the end of 2022, <a href="https://about.pypl.com/who-we-are/history-and-facts/default.aspx" target="_blank" class="color-link" title="https://about.pypl.com/who-we-are/history-and-facts/default.aspx" rel="nofollow noopener noreferrer" data-ga-track="ExternalLink:https://about.pypl.com/who-we-are/history-and-facts/default.aspx" aria-label="according to">according to</a> the company.</p>   </div> <div class="key-facts-element"> <p><em>This is a breaking story and will be updated.</em></p>  </div>


<a href="https://www.forbes.com/sites/brianbushard/2024/01/30/microsoft-ebay-and-irobot-cut-hundreds-of-jobs-here-are-2024s-tech-layoffs/?sh=5fb1de2b77d2" target="_self" class="color-link" title="https://www.forbes.com/sites/brianbushard/2024/01/30/microsoft-ebay-and-irobot-cut-hundreds-of-jobs-here-are-2024s-tech-layoffs/?sh=5fb1de2b77d2" data-ga-track="InternalLink:https://www.forbes.com/sites/brianbushard/2024/01/30/microsoft-ebay-and-irobot-cut-hundreds-of-jobs-here-are-2024s-tech-layoffs/?sh=5fb1de2b77d2" aria-label="Microsoft, eBay And iRobot Cut Hundreds Of Jobs: Here Are 2024’s Tech Layoffs">Microsoft, eBay And iRobot Cut Hundreds Of Jobs: Here Are 2024’s Tech Layoffs </a>(Forbes)

Last January, PayPal laid off some 2,000 people. {ai:summary}<p>PayPal plans to cut 2,500 jobs, reducing its workforce by 9%. CEO cites the need to "right-size" the company. #economy</p>

PayPal Cutting 2,500 Jobs This Year, Report Says

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