Payment services provider PayPal Holdings will cut 9 percent of its global workforce this year. As for the number which is like 2500. In a letter, the Chief Executive Officer of the company, Alex Cheris, stated this information. News Reuters.
In a letter sent to employees, Cheris, who was recently appointed as CEO, said the layoffs will continue throughout the year on a direct and position basis. Those losing their jobs may be notified by the end of this week.
About a year ago, PayPal laid off over 2,000 workers. It is said that this initiative has been taken to bring the right number of manpower and keep the company profitable.