PayPal has reportedly started laying off employees from its offices in Chicago, Omaha, Nebraska and Chandler, Arizona, in an effort to reduce its spending. The financial technology company is also planning to shut down its San Francisco office, but will not freeze its hiring, according to TechCrunch.

83 workers at PayPal were impacted by the latest decision. Last month the company also announced plans to close its office in San Francisco. A spokesperson from the company told TechCrunch that PayPal is “constantly evaluating how we work to ensure we are prepared to meet the needs of our customers and operate with the best structure and processes to support our strategic business priorities as we continue to grow and evolve.”

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  • HilaryWilde
    ·2022-06-01
    That doesn't stop me from being bullish on PayPal.
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  • MR_Wu
    ·2022-06-01
    When bad news starts to appear is when we should buy stocks.
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  • Maria_yy
    ·2022-06-01
    It seems that the fall in share price has a great effect on the company.
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  • DonnaMay
    ·2022-06-01
    Did you also invest in PYPL lol?
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  • PandoraHaggai
    ·2022-06-01
    PayPal isn't the only tech company downsizing.
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  • LouisLowell
    ·2022-06-01
    Hopefully PayPal can survive this period.
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  • MortimerDodd
    ·2022-06-01
    This will adversely affect PayPal's reputation.
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  • ElvisMarner
    ·2022-06-01
    My heart goes out to the fired employees.
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  • BurnellStella
    ·2022-06-01
    Reducing operating costs may be a good thing.
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  • CMChai100
    ·2022-05-30
    希望有战绩
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  • RoIdeRois
    ·2022-05-31
    oh no
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  • Delz
    ·2022-05-31
    [Cool]
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  • JianTou
    ·2022-05-30
    Ok
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  • gnossor
    ·2022-05-30
    👍🏽
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  • NT03
    ·2022-05-30
    👍🏻
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  • dwwong
    ·2022-05-30
    amc
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  • Nicliow
    ·2022-05-30
    Wow
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  • StLiaS
    ·2022-05-30
    nice
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  • Jasoncgs
    ·2022-05-30
    👍🏻
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  • WenYi123
    ·2022-05-30
    [强]
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