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Haaretz EnglishEconomy

PayPal Israel Cuts Workforce by Nearly 25%

Summarized from Haaretz English by baba

Center-leftNeutral tone

English · 10 newsrooms covering

PayPal has laid off nearly 25% of its employees in Israel. The company has not specified the reasons for the cuts, which occur amidst broader tech industry layoffs.

The story in 3 lines · by baba

  • PayPal has reduced its Israeli workforce by almost a quarter.
  • The company has not stated the specific reason for the layoffs.
  • The cuts are occurring within a wider trend of tech sector reductions globally.
PayPal Israel Cuts Workforce by Nearly 25%
Editorial illustration generated by baba News, not a photograph of the event.

Haaretz English publishes in English. The key points are summarized above. Read Haaretz English’s full report from the link at the top of the page.

Haaretz EnglishLeft · Tel Aviv

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