LogFAQs > #971240103

https://www.cnbc.com/2023/01/31/paypal-to-lay-off-2000-employees-in-coming-weeks-about-7percent-of-workforce.html

PayPal on Tuesday announced plans to lay off 2,000 employees, or around 7% of its workforce, according to a release posted to the companys website.
President and CEO Dan Schulman wrote in the release that PayPal is working to address the challenging macroeconomic environment. He said the company has made progress focusing resources on core priorities and rightsizing its cost structure, but that there is more work to be done.

https://gamefaqs.gamespot.com/a/user_image/5/6/5/AAefUOAAEJB9.jpg

@Covxy why are corporations laying off after making record profit and also expert analysis says these kind of layoffs actually don't save them any money. I can requote that article of the professor who discussed that if you need to see it.