PayPal plans to lay off about 2,000 people in the next few weeks, accounting for about 7% of the total number of employees

　　Chinanews.com, February 1. The online payment company PayPal announced on January 31 local time that it will lay off about 2,000 full-time employees worldwide, accounting for about 7% of its total workforce.

The layoffs will take place over the coming weeks, with some organizations being more affected than others.

Picture from PayPal announcement

　　PayPal President and CEO Dan Schulman (Dan Schulman) said that while PayPal has made substantial progress in adjusting its cost structure and focusing resources on strategic priorities, more work needs to be done.

(China New Finance and Economics)