PayPal cuts ~600 jobs in India, about 10% of local workforce
PYPL PayPal Holdings Inc
$54.67 +4.33%
View chart & analysis → - 1PayPal (PYPL) has cut approximately 600 jobs in India, reducing its local workforce by about 10%.
- 2The cuts affect technology, engineering, operations, payments, and finance teams in Chennai, Bengaluru, and Hyderabad.
- 3This is part of the previously announced plan in May to cut 20% of its global workforce and save at least $1.5 billion over the next 2-3 years.
This 3-line summary is compiled from the report below.
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