The Economic Times

PayPal layoffs alert: Why the company plans to cut 20% of jobs under new CEO Enrique Lores as analysts warn of growth challenges - here's what investors need to know

PayPal layoffs strategy under new CEO explained: Paypal is set for a major internal change. The company plans to reduce its workforce by approximately 20 percent over the next two to three years. This move is part of a larger effort to cut costs and save at least 1.5 billion dollars. New CEO Enrique Lores is leading these structural adjustments to simplify operations and boost growth.