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PayPal to Cut Around2,500 Jobs as Rivals Snag MarketShare (www.bloomberg.com)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

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PayPal to Cut Around2,500 Jobs as Rivals Snag MarketShare::PayPal Holdings Inc. will reduce its workforce by about 9% as Chief Executive Officer Alex Chriss, who took over in September, grapples with rising competition, profit pressures and a raft of analyst downgrades.

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[–] Daiken@lemmy.world 3 points 9 months ago

Funny thing is it's not like they were losing money.