Tech layoffs: PayPal cuts 2,000 jobs as global economy weakens
PayPal is shedding around 2,000 jobs, or 7% of its workers, as it becomes the latest big tech firm to cut costs. The online payments company says it was forced to make the decision as it faces "the challenging macro-economic environment." PayPal's announcement follows tens of thousands of layoffs by technology giants in the last month alone.
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