Trading News In this article PYPL Follow your favorite stocksCREATE FREE ACCOUNT Dan Schulman, CEO, Paypal speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC PayPal on Wednesday announced plans to lay off 2,000 employees, or around 7% of its workforce, according to a release posted to the company’s website. This is breaking news. Please check back for updates.