Benzinga
PayPal Lays Off Employees As Growth Stagnates After Pandemic Recovery, Supply Chain Disruptions
PayPal Holdings, Inc (NASDAQ: PYPL) began laying off risk management and operations employees working in Chicago, Omaha, Nebraska, and Chandler, Arizona, this week, Bloomberg reports. PayPal ended 2021 with 30,900 employees, a 33% increase from pre-pandemic levels. PayPal incurred $20 million in costs tied to its restructuring in the first three months of the year. This year, PayPal looks to incur an additional $100 million in restructuring charges. The job cuts will help it save about $260 mill
