Payments company PayPal is implementing significant job cuts, impacting over 250 employees at its San Jose headquarters. These permanent layoffs are scheduled to take effect on October 30th. The affected positions are primarily within senior software engineering and engineering management roles. This reduction represents approximately 1% of PayPal's total global workforce. The company is reportedly undergoing a broader cost-reduction initiative.
San Jose, California
https://www.kron4.com/news/technology-ai/paypal-layoffs-payment-app-cuts-over-250-bay-area-jobs/