2,000 staff are being let go by PayPal

2,000 staff are being let go by PayPal

PayPal is about to become the next technology corporation to lay off a significant portion of its workers. The payments company revealed plans to lay off 2,000 people on Tuesday, accounting for nearly 7% of its workforce. The layoffs will take place over the next several weeks, according to PayPal president and CEO Dan Schulman, with certain sectors of the firm being impacted more than others.