US payments giant PayPal set to slash about a quarter of its employees in Israel
Summarized by DistantNews. Read the original for the full story.
At a glance
News
Sources not specified
New plan
- PayPal is expected to cut about 70 jobs at its development center in Tel Aviv.
- The reductions would affect roughly a quarter of the company’s approximately 300 employees in Israel and form part of global layoffs aimed at reducing costs and investing in artificial intelligence.
PayPal is poised to cut around 70 employees at its development center in Tel Aviv, affecting about a quarter of its workforce in Israel.
The payments company employs roughly 300 people in the country. The planned reductions come as PayPal carries out global layoffs to reduce costs and invest in artificial intelligence.
About this summary
Originally published by Times of Israel. Summarized and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
More Stories
From Our Blog
News in Translation: What Gets Lost, and How We Keep the Framing
Diaspora Media: How Communities Abroad Follow Home
Traveling Where the Press Is Not Free: How to Read the News There
The Digital Nomad's Guide to Local News
The Same Story, Different Countries: How Coverage Changes at the Border
