PayPal to Cut Around 2,500 Jobs as Rivals Snag Market Share
www.bloomberg.com
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.

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.

    • Landless2029@lemmy.worldEnglish
      0·
      8 months ago

      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.