PayPal Laying Off 2,000 Workers

<p>PayPal&comma; which operates a global payment service under the PayPal and Venmo brands&comma; is adding to the layoff list in Silicon Valley&period;<&sol;p>&NewLine;<p>President and CEO Dan Schulman said the company would eliminate 2&comma;000 jobs or 7&percnt; of its workforce due to a &&num;8220&semi;challenging macro-economic environment&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Schulman said the reductions will occur over the coming weeks&comma; with some organizations impacted more than others&period; Departing colleagues will be treated with &&num;8220&semi;the utmost respect and empathy&comma;&&num;8221&semi; along with generous severance packages and assistance with transition&period;<&sol;p>&NewLine;<p>Based in San Jose&comma; PayPal said it had <span class&equals;"counter">30&comma;900 employees at the end of 2021 and over 432 million active consumer and merchant accounts in the third quarter of 2022&period;<&sol;span><&sol;p>&NewLine;<p>PayPal is set to release fourth quarter and year-end revenues on February 9&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;