PayPal announced on Tuesday that the company will lay off 2,000 employees, which is about 7 percent of its workforce. CEO and President Dan Schulman wrote in a message to employees shared on the company website that while PayPal made "substantial progress" in restructuring its cost structure and prioritizing its allocation of resources, more work needs to be done. He said the downsizing will occur within the next few weeks, and that some organizations in the company will be "impacted more than others." "Change can be difficult – particularly when it includes valued colleagues and friends departing. We will face this head-on together, drawing on the unparalleled scale of our global pla
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