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PayPal Layoff 2000 Jobs, 7% of Total Workforce

PayPal is going to shed 2,000 jobs, 7% of the total workforce, going to follow the big giants of the tech industry

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Due to the challenging macroeconomic environment, the online payment company is looking for a way to shed 2,000 jobs. Mr Chairman of the company said,

“We must continue to change as our world, our customers, and our competitive landscape evolve.”

This announcement follows thousands of layoffs by many other tech companies. The tech giant announced to shed the jobs, including Google, Amazon, and Microsoft. They all shed the employees from their companies due to the economic condition of their companies. The other reason is that the technology demand peaked during COVID days. During those days, the company hired several employees to meet the demand. Now the situation is in control, and the market is going down.

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Written by Aly Bukshi

The editorial staff at IPIN is a team of news publishing experts led by Aly Bakshi. We publish interesting and informative news/articles all over the world. Our aim is to provide readers with the latest and most up-to-date information possible.