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PayPal to cut around 2,500 jobs as rivals snag market share

Payments firm employs about 2,000 in Ireland ....

United States , Dan Schulman , Alex Chriss , Apple Inc , San Jose ,

Payments firm PayPal to cut around 2,500 jobs

(Reuters) -Payments firm PayPal Holdings is planning to cut about 2,500 jobs, or 9% of its global workforce, this year, a letter from CEO Alex Chriss, seen by Reuters, showed on Tuesday. In the letter to staff, newly appointed CEO Chriss said the decision was made to "right-size" the company through both direct cuts and the elimination of open roles throughout the year. "We are doing this to right-size our business, allowing us to move with the speed needed to deliver for our customers and drive profitable growth," Chriss wrote in the letter. ....

Manya Saini , Krishna Chandra Eluri , Shilpi Majumdar , Alex Chriss , Paypal Holdings , Bloomberg News , Global Workforce ,

Payments firm PayPal to cut around 2,500 jobs: report

(Reuters) -Payments firm PayPal Holdings is planning to cut about 2,500 jobs, or 9% of its global workforce, this year, a letter from CEO Alex Chriss, seen by Reuters, showed on Tuesday. In the letter to staff, newly appointed CEO Chriss said the decision was made to "right-size" the company through both direct cuts and the elimination of open roles throughout the year. "We are doing this to right-size our business, allowing us to move with the speed needed to deliver for our customers and drive profitable growth," Chriss wrote in the letter. ....

Manya Saini , Krishna Chandra Eluri , Alex Chriss , Shilpi Majumdar , Paypal Holdings , Bloomberg News , Global Workforce ,

Cohen Capital Management Inc. Reduces Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Cohen Capital Management Inc. lowered its stake in shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 4.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,108 shares of the credit services provider’s stock after selling 1,224 […] ....

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Cohen Capital Management Inc. Has $1.64 Million Holdings in PayPal Holdings, Inc. (NASDAQ:PYPL)

Cohen Capital Management Inc. trimmed its stake in PayPal Holdings, Inc. (NASDAQ:PYPL – Free Report) by 4.2% in the third quarter, HoldingsChannel reports. The firm owned 28,108 shares of the credit services provider’s stock after selling 1,224 shares during the period. Cohen Capital Management Inc.’s holdings in PayPal were worth $1,643,000 as of its most […] ....

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