PayPal Holdings Inc. plans to lay off about 7% of its staff as it continues with broader efforts to reduce costs.
Chief Executive Dan Schulman announced the layoffs, which will affect about 2,000 PayPal PYPL employees, in an email to the staff Tuesday afternoon.
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FROM FINANCIAL NEWS
Twenty Most Influential in Crypto 2023
The inaugural Financial News list of the Twenty Most Influential in Crypto comes at an inflection point for the industry
Prices crashed in last year’s ‘crypto winter’, leading to some high-profile collapses and lay-offs. Combined with allegations of fraud at crypto exchange FTX, that has given fuel to critics of the sector. But the senior executives on our list are confident the industry can turn things around, as institutional adoption of crypto grows and regulations are put into place. The list is a broad overview of the sector, including senior leaders at asset managers, banks, exchanges, custodians, regulators, blockchain firms and more. >> Read More
A subscription may be required. This content was created by Financial News, which is operated by Dow Jones & Co. Financial News is run independently from Dow Jones Newswires and The Wall Street Journal.
Expected Major Events for Wednesday
00:01/UK: Jan Shop Price Index
01:01/IRL: Jan Ireland Manufacturing PMI
06:00/NED: Jan Netherlands Manufacturing PMI
07:00/TUR: Jan Turkey Manufacturing PMI
07:00/UK: Jan Nationwide House Price Index
08:00/POL: Jan Poland Manufacturing PMI
08:15/SPN: Jan Spain Manufacturing PMI
08:30/CZE: Jan Czech Republic Manufacturing PMI
08:30/SWI: Jan procure.ch Purchasing Managers’ Index
08:45/ITA: Jan Italy Manufacturing PMI
08:50/FRA: Jan France Manufacturing PMI
08:55/GER: Jan Germany Manufacturing PMI
09:00/GRE: Jan Greece Manufacturing PMI
09:00/EU: Jan Eurozone Manufacturing PMI
09:30/UK: Jan S&P Global / CIPS UK Manufacturing PMI
09:30/UK: Jan Narrow money (Notes & Coin) and reserve balances
10:00/CYP: Nov Retail trade
10:00/EU: Dec Unemployment
10:00/DEN: Jan Danish PMI
10:00/EU: Jan Flash Estimate euro area inflation
10:00/ITA: Jan Cities CPI
10:00/ITA: Jan Provisional CPI
10:00/GRE: Dec Labour Force Survey
11:00/IRL: Jan Monthly Unemployment
16:59/AUT: Jan Unemployment figures
All times in GMT. Powered by Kantar Media and Dow Jones.
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(END) Dow Jones Newswires
February 01, 2023 00:16 ET (05:16 GMT)
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