PayPal to Cut Around2,500 Jobs as Rivals Snag MarketShare

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

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.

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Funny thing is it's not like they were losing money.

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