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PayPal to cut 2,000 jobs in latest tech layoffs
The cuts, which will affect about 7% of employees, will take place in the coming weeks, Chief Executive Officer Dan Schulman told employees in a memo.
Published on Feb 01, 2023 08:41 AM IST
Bloomberg | | Posted by Ritu Maria Johny
‘Not pursuing acquisition of Pinterest at this time’: PayPal amid rumours
PayPal's shares rose 6.7 per cent to $256.50 in premarket trading on Monday, while Pinterest was down 10.8 per cent to $51.80.
Published on Oct 25, 2021 04:51 PM IST
AFP | | Posted by Sharangee Dutta, Hindustan Times, New Delhi
PayPal says to shut domestic payments business in India
San Jose, California-based PayPal will instead focus on its cross-border payments business, which means global customers will still be able to pay Indian merchants using the service.
Published on Feb 05, 2021 09:54 AM IST
Reuters | , New Delhi
PayPal becomes first foreign company to offer digital payments in China
In taking full control of one of the smaller players in the world's largest payment market, PayPal will compete with domestic payments giants Alipay, owned by Alibaba-affiliated Ant Group, and WeChat Pay, owned by Tencent Holdings Ltd, as China fully opens up its financial sector.
Published on Jan 14, 2021 11:29 AM IST