Cut affects 7% of the payroll of the technology giant. Decision depends on the difficult macroeconomic moment and a cost reduction plan.
PayPalthe US digital payments giant, announced on Tuesday that it will lay off 2,000 of its employees worldwide, which is equivalent to a cut of 7% of your payroll. This as part of a cost reduction plan.
“I am writing today to share the difficult news that we will be reducing our global workforce by approximately 2,000 full-time employees, or approximately 7% of our total workforce,” Dan Schulman, the company’s president and CEO, said in a statement. .
In this way, PayPal is the latest company to join the massive wave of layoffs in the US technology sector, which includes brands such as Microsoft, Meta and Amazon. In addition, it affects tens of thousands of workers.
In the note, PayPal pointed to the difficult “macroeconomic environment” and acknowledges that its efforts to reduce costs have not been enough, so it has to make “difficult decisions.”
After the news broke near the last hour of the session on Wall Street, PayPal shares rose 2.3%, a reflection of the good reception from investors.
With information from EFE.
Source: Larepublica
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