$PayPal(PYPL)$ On 8/1 PYPL announced $900m in cost cuts — mostly through layoffs, RE consolidation, and project cutbacks.
· Today they still have $10b in buyback $. When they are done with their total $15b in buybacks, that should reduce share count by 19% to 24% if shares stay <$65.
· They could have exceeded the $900m goal for all we know, or they could announce additional layoffs with upcoming 4th Qtr ER.
Exciting times!
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