Under pressure to cut costs, the digital payments giant is slashing more jobs from its San Jose office.
PayPal Holdings Inc. is cutting 59 jobs at its San Jose headquarters.
The company began alerting those affected by the cuts Sept. 20, it told the state Employment Development Department in an emailed letter last week. It plans to complete the notifications by Nov. 19, and the effective date of the individual layoffs is at least 60 days after notification, according to the digital payments company.
"PayPal is undertaking restructuring activity that will result in employee exits," the company said in its letter.The cuts all affect people working at PayPal's main office at 2211 N. First St. Among those being laid off are data scientists, IT managers and product management directors.
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