PayPal to lay off 2,000 employees

In a message to company employees on the subject, PayPal CEO Dan Schulman said that over the past year, they have made significant progress in strengthening and reshaping the company in a challenging macroeconomic environment. , while continuing to invest to meet customer needs. needs.

Emphasizing that the company has made progress in focusing resources on key priorities and getting its cost structure right, Schulman said, however, there is still a lot of work to be done.

Schulman noted that meeting the challenges brings with it some tough decisions and that the company will lay off 2,000 employees worldwide, which is 7 percent of the total workforce.

Dan Schulman reported that the layoffs in question will take place in the coming weeks.

THE WAVE OF LAYOUT GROWS IN THE TECH INDUSTRY

While rising inflation and a potential recession are causing concerns in the tech industry, many tech companies, especially in the US, began deciding to lay off thousands of people or cut new hires last year.

Among these companies, the presence of leading companies in the technology sector such as Meta and Amazon also stands out.

Finally, one of the US tech giants, Microsoft, announced that it would lay off 10,000 employees, and Alphabet, the parent company of Google, announced that it would lay off 12,000 employees.

According to data from Layoffs.fyi, which tracks layoffs in the tech sector, tech companies have laid off more than 237,000 employees since the start of 2022. (BRITISH AUTOMOBILE CLUB)