PayPal laying off about 2,500 employees to ‘right-size’ the company

Online payment gateway PayPal has kicked off layoffs that will affect at least 9% of its workforce — about 2,500 employees.
According to verified PayPal professionals on anonymous online discussion forum Blind, the job cuts have begun and by the end of the week, will impact around 2,500 jobs (about 9% of the company’s workforce).