Paige Smith / Bloomberg:

PayPal reports Q1 revenue up 7% YoY to $8.4B and plans $1.5B+ in savings over the next 2-3 years, a source says including a ~20% workforce cut; PYPL drops 10%+  —  PayPal Holdings Inc. plans to cut around 20% of its workforce in the next two to three years, according to a person familiar with the matter …

Paige Smith / Bloomberg:

PayPal reports Q1 revenue up 7% YoY to $8.4B and plans $1.5B+ in savings over the next 2-3 years, a source says including a ~20% workforce cut; PYPL drops 10%+  —  PayPal Holdings Inc. plans to cut around 20% of its workforce in the next two to three years, according to a person familiar with the matter …

Source: TechMeme
Source Link: https://www.techmeme.com/260505/p12#a260505p12