PayPal to Cut Around2,500 Jobs as Rivals Snag MarketShare::PayPal Holdings Inc. will reduce its workforce by about 9% as Chief Executive Officer Alex Chriss, who took over in September, grapples with rising competition, profit pressures and a raft of analyst downgrades.
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Gee, I wonder why they have rivals who are taking market share.
Who are their rivals? Looking for an alternative and the site is walled.
Websites now take Google pay.
Restaurants and startups are using toast and squarespace.
People are using cash app and venmo.
There are a lot more alternatives to PayPal than 10 years ago.
Venmo is owned by PayPal. Probably has the same terrible TOS.
FinTech isn’t safe
Never has been
