In an announcement to employees yesterday (31 January), the company’s president and CEO Dan Schulman said cuts to full-time employees would be made in the coming weeks, with “some organisations impacted more than others”.
PayPal employs around 250 staff in the UK. It is not yet known if any of these jobs will be lost.
Schulman said the payment technology company had made progress in its efforts to reshape the business amid a challenging economy, but more work needed to be done to “right-size” costs and focus resources on priority areas.
