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PayPal is planning to fire about 20 per cent of its employees in the next 2-3 years.
PayPal plans to lay off 20% of its workforce within the next two to three years.
KEY POINTS
- A dedicated AI transformation and simplification team has been established to oversee company-wide AI integration.
- The restructuring includes reorganising PayPal into three divisions, covering checkout, consumer finance, and crypto services.
- PayPal expects these restructuring and AI initiatives to deliver at least $1.5 billion in savings.
COMPANIES
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