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TechRadar
TechRadar
Craig Hale

PayPal is laying off thousands of workers

PayPal
PayPal .

PayPal has confirmed that it will be laying off around 9% of its workforce, accounting for an estimated 2,500 workers.

An official announcement by President and CEO Alex Chriss framed the change as one that would help to “right-size” PayPal to stay competitive in an evolving market, indicating that the company’s growth isn’t aligning with its headcount.

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