PayPaliga 2500 töökohta

In a letter to employees, seen by Bloomberg, Chriss says the decision to “right-size” will help PayPal “move with the speed needed to deliver for our customers and drive profitable growth”.

The firm will make direct cuts and eliminate open roles throughout the year, according to Bloomberg.

Chris took over PayPal in September after PayPal missed revenue, adjusted operating margin and net new active users targets the previous year.

The company’s stock is down more than 20% since last January and a host of new AI-driven features Avalikustas earlier this month failed to impress the market.

A year ago, PayPal said it would cut 2000 töökohta, with then-CEO Dan Schulman saying the company had to reshape to address the challenging macro-economic environment.