PayPal to lay off nearly 2,000 employees

Caps off a rough month for tech companies

Tom Allen
clock • 1 min read
Like many US tech giants, PayPal has a large headquarters in Silicon Valley
Image:

Like many US tech giants, PayPal has a large headquarters in Silicon Valley

Digital payments platform PayPal is set to lay off nearly 2,000 full-time employees in the latest round of tech sector job cuts.

In a statement posted online PayPal's President and CEO, Dan Schulman, announced that the company will make 7% of its employees redundant in the coming weeks as a result of the "challenging macro-e...

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