PayPal CEO Alex Chriss announced a 9% global workforce reduction, eliminating approximately 2,500 positions.

PayPal CEO Alex Chriss announced plans to reduce the company's global workforce by approximately 9% in 2022. The job cuts, which amount to around 2,500 positions, are an attempt by the payment company to "right-size" the firm, enabling faster decision-making and driving profitable growth.

January 30, 2024
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