business / news / / Times of India
PayPal is planning to layoff thousands of employees over the next two to three years.
PayPal plans to cut 20% of its workforce, equating to approximately 4,760 jobs.
KEY POINTS
- The layoffs aim to accelerate artificial intelligence adoption and simplify PayPal's operations.
- The company recently reorganized into three new business units to target key growth areas.
- CEO Enrique Lores expects the restructuring to yield at least $1.5 billion in run-rate savings.
COMPANIES
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