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PayPal Holdings CEO Pushes for Organizational Simplification and Enhanced Agility

Payments Dive ·

PYPL PayPal Holdings Inc
$57.20 +0.11%
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  1. 1PayPal Holdings CEO Enrique Lores stated that decision-making was slow under the previous management regime.
  2. 2PayPal Holdings has set a target to reduce its global workforce by approximately 20% during the restructuring period.
  3. 3PayPal Holdings has experienced a 76% decline in its stock price over the past 5 years.

So what's the key point?

The PayPal Holdings CEO has decided to reduce the workforce by 20% to speed up decision-making. This move to make the organization leaner follows a 76% drop in the stock price over the last 5 years.

Source Payments Dive · View original ↗

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