PayPal cuts 220 India jobs as part of previously announced restructuring plan, source says
PayPal has cut approximately 220 jobs in India as part of its broader, multi-year turnaround plan announced earlier this year, according to a source familiar with the matter who spoke to Reuters.
Why it matters — The reduction reflects PayPal's ongoing restructuring efforts, which PYPL watchers will want to track as the company executes its turnaround strategy.