How to Play PYPL Stock Amid PayPal's Restructuring Efforts PayPal's decision to embark on a major restructuring effort, including sweeping layoffs, has sent shockwaves through the industry.
The company aims to simplify operations and improve profitability by cutting nearly 20% of its global workforce over two to three years.
In India, where the firings began, around 600 employees have been let go – significantly more than the initial estimate of 220 layoffs announced by PayPal.