The Economic Times

PayPal cuts 220 India jobs as part of previously announced restructuring plan, source says

PayPal has cut around 220 jobs in India as part of a broader, multi-year transformation aimed at simplifying operations and reducing costs. The payments company, led by CEO Enrique Lores, is targeting $400 million in savings this year and at least $1.5 billion over two to three years amid intensifying competition.