Business Automation & Tools
0
UPVOTE
bloomberg.com

PayPal Plans to Cut 20% of Workforce as CEO Seeks to Revamp

PayPal Holdings Inc. plans to cut around 20% of its workforce in the next two to three years, according to a person familiar with the matter, as new Chief Executive Officer Enrique Lores seeks to reduce costs and turn around the payments company. PayPal employed around 23,800 people at the end of the year, meaning a workforce reduction of that size could eliminate more than 4,500 jobs. It’s part of the company’s plan to realize at least $1.5 billion in savings over the next two to three years, according to a statement Tuesday.  Bloomberg's Diksha Gera joins Bloomberg Intelligence to discuss. (Source: Bloomberg)
PayPal Plans to Cut 20% of Workforce as CEO Seeks to Revamp
BL

Bloomberg

3d ago
0 0

Discussion

Break the silence

Take the opportunity to kick things off.

No comments yet.

Be the first to share your take and keep the conversation moving.

Join the conversation

Log in or sign up to add your comment and participate in the discussion!

Log In Sign Up

UPVOTERS

Community appreciation

See who found this content valuable and showed their support.

No upvotes yet.

Be the first to show your appreciation for this content.

TOPICS

Explore the same topics

Discover more content from the topics this post is mapped to.

nytimes.com
Norovirus Outbreak Sickens 115 on Cruise Ship

More than 100 passengers and 13 crew members on the Caribbean Princess reported being ill, according to the Centers for Disease Control and Prevention.
NB

NYT Business

2026-05-09 04:54
0
bloomberg.com
Colombia Inflation Ticks Up, Fueling Case For Renewed Rate Hike…

Colombian inflation sped up in April, moving further away from the central bank’s target and raising the likelihood it may need to resume interest rate hikes a…
itslucas

itslucas

2026-05-09 03:35
0
bloomberg.com
Wall Street Week | High Stakes Summit, New Zealand's Brain Drai…

This week, China thinks it's cracked the code on Trump heading into a summit in Beijing. And, what happens when a country's best and brightest travel overseas…
BL

Bloomberg

1h ago
0
nytimes.com
Lawsuit Accuses Lucky Strike of Building a Bowling Monopoly

The suit, filed by bowlers from several states, accuses Lucky Strike Entertainment of driving up prices and diminishing customers’ experiences across the count…
NB

NYT Business

3h ago
0
nytimes.com
What to know about the report.

NB

NYT Business

6h ago
0
bloomberg.com
S&P Closes Out 6th Straight Week of Gains | Closing Bell

Comprehensive cross-platform coverage of the U. S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Scarlet Fu, Isabelle Lee, Carol Mass…
BL

Bloomberg

7h ago
0

Keep browsing

Explore more from this topic

Dive into the full feed of curated posts covering Business Automation & Tools.

Browse Topics

RELATED CONTENT

Continue exploring

Discover more content that aligns with your interests and this post.

bloomberg.com
Colombia Inflation Ticks Up, Fueling Case For Renewed Rate Hike…

Colombian inflation sped up in April, moving further away from the central bank’s target and raising the likelihood it may need to resume interest rate hikes a…
itslucas

itslucas

2026-05-09 03:35
0
bloomberg.com
Wall Street Week | High Stakes Summit, New Zealand's Brain Drai…

This week, China thinks it's cracked the code on Trump heading into a summit in Beijing. And, what happens when a country's best and brightest travel overseas…
BL

Bloomberg

1h ago
0
bloomberg.com
S&P Closes Out 6th Straight Week of Gains | Closing Bell

Comprehensive cross-platform coverage of the U. S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Scarlet Fu, Isabelle Lee, Carol Mass…
BL

Bloomberg

7h ago
0
bloomberg.com
Treasuries Gain to End Choppy Week as Focus Shifts to Inflation

Treasuries advanced at the close of the week as mixed economic data reinforced expectations the Federal Reserve will stay on hold, shifting the market’s focus…
Carlos the great

Carlos the great

13h ago
0
bloomberg.com
Foreign Central Banks Boost Share of Malaysian Bonds

Foreign central banks and governments have boosted their share of Malaysian sovereign bonds, underscoring the nation’s growing appeal as a reserve asset in a v…
BL

Bloomberg

17h ago
0
bloomberg.com
British Airways Owner Sees Profit Hit as War Hikes Fuel Bill

IAG SA predicted profit and free cash flow for the year will be lower than previously anticipated amid a surging fuel bill, while saying the market weakness ma…
BL

Bloomberg

18h ago
0

Still curious?

See more related posts

Keep the inspiration flowing with fresh submissions and trending finds from the community.

View Latest