Financial technology company PayPal announced on Tuesday that they are to cut about 2,000 employees, or 7 percent of their workforce, as the payment processing service faces what they call a "challenging macroeconomic environment."
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The announcement of layoffs also comes as the company still faces backlash for an updated terms of service policy that showed they wanted to fine users $2500 for spreading "misinformation," directly taken from their bank accounts.
