PayPal laid off 83 employees as it reduces Bay Area presence

PayPal laid off dozens of employees from its San Jose headquarters, filings show. As first reported by The Information and later confirmed by Techcrunch, the layoffs impacted 83 employees.
PayPal’s layoffs, while just now coming to the surface, were conducted around a week before the fintech confirmed that it was shuttering its San Francisco office. When asked about this round of layoffs, a PayPal spokesperson told TechCrunch that it is “constantly evaluating how we work to ensure we are prepared to meet the needs of our customers and operate with the best structure and processes to support ou

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