The tech industry’s layoffs and hiring freezes: all of the news
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PayPal is laying off 9 percent of its employees.
CEO Alex Chriss told employees that PayPal is cutting existing jobs and open roles as part of an effort to “right-size” the company, according to a report from Bloomberg. The layoffs will reportedly impact around 2,500 workers.
PayPal is far from the only company in the tech industry to get hit with layoffs this year. Microsoft, Google, eBay, and many others have also been affected.
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