1. PayPal's Lores Targets 20% Workforce Reduction in Restructuring Push for $1.5B in Savings
PayPal Holdings Inc. is moving to slash approximately 20% of its global workforce over the next two to three years, according to a person familiar with the matter, as newly installed Chief Executive Officer Enrique Lores works to reverse the payments company's financial trajectory. The cuts could eliminate more than 4,...