PayPal to Cut Around 2,500 Jobs as Rivals Snag Market Share https://www.bloomberg.com/news/articles/2024-01-30/paypal-to-cut-around-2-50... PayPal Holdings Inc. will reduce its workforce by about 9% this year as Chief Executive Officer Alex Chriss, who took over in September, grapples with rising competition, profit pressures and a raft of analyst downgrades.