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PayPal is reportedly weighing cuts of up to 20% of its workforce.
PayPal is considering laying off up to 20% of its workforce in a major restructuring.
KEY POINTS
- New CEO Enrique Lores is prioritizing AI-driven cost reductions for operational streamlining.
- The company aims to save $1.5 billion over two to three years for growth reinvestment.
- Despite revenue growth, PayPal projects a 9% decline in adjusted earnings for the current quarter.
COMPANIES
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