PayPal has reduced its workforce by approximately 600 employees. The job losses affect various teams, including technology, engineering, and finance. Affected employees received the news over a call and had their access revoked immediately after.

This reduction accounts for about 10 percent of PayPal's workforce in the country where the layoffs occurred. The affected employees were given no prior notice before being informed of the decision.

Further details about the layoffs and the off-boarding process are available, including an account from an impacted employee who shared their experience.