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Did you hear the news? There have been some major developments recently, especially regarding the two giants making waves in the cryptocurrency payment sector — PayPal and Block.
First, let's talk about PayPal. According to reports, the company plans to lay off 9% of its workforce, which means around 2500 colleagues will be affected. This is a significant change for everyone involved. Last year, PayPal already underwent a round of layoffs affecting 7% of its workforce, and now another wave is coming. It's said that this is all in response to market competition and issues like declining stock prices. The new CEO, Chris, sent a letter to employees explaining that this is to refocus the company on serving customers more effectively and driving profit growth. It's undoubtedly a challenge for those affected, but I believe they will bravely face it and seek out new opportunities and paths forward.
Next, let's turn to Block. The company also announced layoff plans, expecting to dismiss 1000 employees by the end of the year. This does sound concerning, and surely many people will feel worried and anxious. CEO Jack Dorsey mentioned during the earnings call that the company's employee growth has outpaced business growth, so some adjustments need to be made. He stated that it's a tough decision for the company, but necessary for its long-term development. |
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Post time 1-3-2024 08:55:48