PayPal reduces India headcount by around 600 in cost-cutting measures
PayPal (PYPL) has laid off approximately 600 employees in India, representing roughly 10% of its local workforce. The move is part of the company's ongoing global restructuring efforts aimed at reducing operational costs. The layoffs were reported by Indian financial news outlets and reflect a broader trend among tech firms to streamline operations amid economic uncertainty. PayPal has not provided further details on how this round of cuts fits into its overall cost-reduction strategy or whether similar actions are being taken in other regions.
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Topics: India layoffs PayPal workforce reduction