PayPal Cuts 600 Jobs in India: Is Global Fintech Entering a New Cost-Cutting Era?
- PayPal cut about 600 Indian jobs, reducing roughly 10% of its 6,000-plus workforce.
- PayPal targets $1.5B in run-rate savings, with about 40% tied to faster AI adoption.
- Block cut over 4,000 jobs, while Klarna swung from a $53M loss to a $9M profit.
PayPal has reportedly cut about 600 jobs in India, reducing roughly 10% of a workforce exceeding 6,000 employees. The reductions affect technology, engineering, operations, payments, and finance teams across Chennai, Bengaluru, and Hyderabad.
The move extends a restructur…
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