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PayPal begins more layoffs


It is not clear how many people will be affected by PayPal's latest job cuts but one source said it was expected to be in the “thousands.”

It is not yet clear how many people will be affected by the job cuts but one source told TechCrunch it was expected to be in the “thousands.” Soon after taking the helm, Chriss said he expected “to grow revenue outside of purely transaction-related volume,” as reported by Reuters. In October, PayPal was hit with a class action lawsuit by consumers represented by law firm Hagens Berman alleging that the fintech giant’s anti-steering rules stifle competition against lower-cost payment platforms such as Stripe and Shopify.

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