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Another tech giant announces layoffs
Online payments processor PayPal will cut 7% of its workforce American multinational financial technology company PayPal has announced an upcoming round of layoffs that will impact some 2,000 employees, joining a slew of tech firms announcing job cuts aimed at cutting costs.  The decision to cut around 7% of its global workforce will help address the “challenging macroeconomic environment,” President and CEO Dan Schulman wrote in his message to employees published on Tuesday.  “Change can be difficult – particularly when it includes valued colleagues and friends departing,” the statement reads. “These reductions

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