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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| PayPal Holdings Inc | NASDAQ:PYPL | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.85 | 3.03% | 62.90 | 62.90 | 62.91 | 63.34 | 62.13 | 62.77 | 6,633,239 | 17:52:05 |
From May 2022 to May 2024
By Sabela Ojea
PayPal Holdings Inc. on Tuesday said it is cutting its global workforce by about 7% to adjust to current macroeconomic conditions.
The digital payments said about 2,000 employees will be affected.
"While we have made substantial progress in right-sizing our cost structure, and focused our resources on our core strategic priorities, we have more work to do," Chief Executive Dan Schulman said.
The company will provide departing employees "with generous packages," Mr. Schulman added.
Early in November, the company posted an increase in net income and revenue for the third quarter, with total payment volumes reaching $337 billion in the quarter.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
January 31, 2023 15:05 ET (20:05 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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