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Like Uber, Paypal's Debt Has Shot Up 2.5 Billion Dollars in 3 Months, Now the Mass Layoffs Come to India

posted by Roy Schestowitz on Sep 03, 2026

Paypal's debt increased from 11.67 billion dollars to 14.22 billion dollars in just 3 months (latest on record). That's similar to what has just happened to Uber, which lays off 1,000+ people. Paypal has already had cycles of mass layoffs, but this time Paypal tries to offload itself (it is irredeemable) and there are reports today of "PayPal Layoffs" with "Around 600 Jobs Cut in India".

So even reducing the salaries by offshoring isn't enough to save the company. █

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