[HN Gopher] PayPal to lay off 7% of its workforce, about 2,000 e...
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       PayPal to lay off 7% of its workforce, about 2,000 employees
        
       Author : mfiguiere
       Score  : 34 points
       Date   : 2023-01-31 20:49 UTC (2 hours ago)
        
 (HTM) web link (www.reuters.com)
 (TXT) w3m dump (www.reuters.com)
        
       | fatfox wrote:
       | PayPal press release: https://newsroom.paypal-
       | corp.com/2023-01-31-Update-on-Our-Tr...
        
       | SamoyedFurFluff wrote:
       | What makes Apple different than every other tech company here?
        
         | abc_lisper wrote:
         | Think different, I guess.
        
         | pacificmint wrote:
         | Here is an article [1] and corresponding HN discussion [2] that
         | adds some insight to that question.
         | 
         | [1] https://blog.pragmaticengineer.com/apple-job-cuts-tide/
         | 
         | [2] https://news.ycombinator.com/item?id=34542013
        
       | culanuchachamim wrote:
       | That means that PayPal have more that 28k employees!
       | 
       | Why do it need so many people?
        
         | celestialcheese wrote:
         | Operating a bank, lending, and money transfer operations in so
         | many countries requires an incredible amount of behind the
         | scenes work.
         | 
         | Plus all the KYC, support, fraud, and infrastructure to support
         | all those roles.
         | 
         | You wouldn't know it based on how terrible their support is,
         | but that 28k number doesn't shock me.
        
       | jonfw wrote:
       | Any insight into what orgs or roles are affected?
        
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       (page generated 2023-01-31 23:02 UTC)