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PayPal reports Q1 revenue up 7% YoY to $8.4B and plans $1.5B+ in savings over the next 2-3 years, a source says including a ~20% workforce cut; PYPL drops 10%+

PayPal Holdings Inc. plans to cut costs and jobs as new Chief Executive Officer Enrique Lores seeks to turn around …

Bloomberg Paige Smith

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  • Paige Smith Paige Smith on linkedin
    First it was Block, then Coinbase earlier this morning.  Now PayPal is planning to cut around 20% of its workforce over the next two to three years. …