PayPal to cut 2,000 jobs

The winter in Silicon Valley is far from over. On January 31, Dan Schulman, president and CEO of the US electronic payment giant PayPal, told employees in an email that the company will lay off 2,000 full-time employees worldwide in the next few weeks, accounting for about 7% of the total number of employees. PayPal has become the latest large employer to announce layoffs this year. This month, large listed technology companies including Google, Microsoft, and Salesforce announced layoffs. | Related Reading (Wall Street Insights)

Indian wind

But judging from the news, it seems that major companies in the United States are laying off employees. Microsoft and others have laid off 10,000 people at every turn. PayPal has laid off 2,000 people. Against the background of the plan, the number of layoffs in 2022 soared to 13 times that of the previous year.

But according to statistics, the employment rate in the United States has been hovering around 3%, which is an extremely low level. This may be because although these large companies have increased layoffs, there are more recruits in the society. In other words, these people who have been laid off by technology companies seem to be able to quickly find new jobs in other industries, and according to the statistics of recruitment agencies, The weekly and monthly salaries of data and programming positions are on the rise. From the perspective of employees, layoffs by large companies are not a cause for concern.

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