PayPal, the woke payment processor that blacklists those it disagrees with politically, has announced plans to lay off approximately 2,000 employees.
Engadget reports that the leading online payment provider, PayPal, recently announced that it will lay off about 2,000 employees, or approximately seven percent of its workforce. The layoffs are anticipated to take place over the coming weeks and will have varying effects on different segments of the business. The company says the layoffs are in response to a difficult macroeconomic environment that has prompted similar responses from other technology giants like Google and Microsoft.
[It’s not clear whether this is a direct result of the exodus from PayPal over those policies. As the article notes here, the tech sector in general finds itself overextended, an overhang from pandemic-driven expansion to handle online commerce. That policy certainly didn’t *help,* but for the moment it’s correlation without clear evidence of causation. — Ed]
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