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PayPal eyes 20% job cuts as profit falls, outlook weakens
PayPal is reportedly weighing cuts of up to 20% of its workforce as the payments giant ramps up cost-cutting efforts under new leadership.The potential layoffs come as PayPal faces mounting pressure on profitability despite continued revenue growth.FOX Business reached out to PayPal for comment.Bloomberg and The Wall Street Journal reported that the company could cut as much as one-fifth of its staff as part of a broader restructuring push.BAY AREA BANKER WANTS TO SWAP HIS $8M ESTATE FOR AI COMPANY STOCKPayPal reported first-quarter revenue of $8.35 billion, up 7% from a year earlier, while to...1 week ago
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