Tech giants axe 34,000 jobs

Major tech firms such as Microsoft, Alphabet, PayPal, and eBay have sacked 34,000 workers since the start of 2024 to focus on artificial intelligence (AI), the Financial Times revealed.

Seven per cent of its workforce

Online payment outfit PayPal has announced that it is laying off 2,000 employees in the forthcoming weeks.

We ask the questions

Germany's cartel office regulator has started an investigation against payment outfit PayPal over the possibility that it hindered competition.

Claims it was all a terrible mistake

PayPal has backed down on a controversial change to its terms and conditions which would have fined users $2,500 if they advance purported “misinformation” or present risks to user “wellbeing.”

Happens when your workers are modern internationalists but your politicians are old fashioned imperialists

Thanks to the internet modern Russian IT workers have been making a rather good living working online for European and US IT companies, but now that has come crashing to a halt.

Eyes booming market for online payments

PayPal become the first foreign operator with total control of a payment platform in China, according to Chinese government data.

Teams up with Paxos

PayPal has partnered with cryptocurrency company Paxos to launch a new service. PayPal users in the US will soon be able to buy, hold and sell cryptocurrencies.

CyberNews found six bugs

Cybersecurity analysts at CyberNews have blasted PayPal failing to fix major vulnerabilities that allow hackers to quickly drain users’ bank accounts.

Incompetent and headed towards a disaster

Friend to the free press, Peter Thiel, was one of the few Silicon Valley supporters of President Trump but now is doing his best to distance himself from the Prince of Orange.

192 million PayPal users can pay using messaging app

Facebook has announced that PayPal will become one of the payment options within its Messenger service.