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PayPal weighs up to 20% job cuts as profit falls, outlook weakens

PayPal is reportedly weighing cuts of up to 20% of its workforce as the payments giant ramps up cost-cutting efforts under new leadership. The potential layoffs come as PayPal faces mounting pressure on profitability despite continued revenue growth.FOX Business reached out to PayPal for comment. Bloomberg and The Wall Street Journal reported that the company could cut as much as one-fifth of its staff as part of a broader restructuring push. BAY AREA BANKER WANTS…

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Ken Griffin says Citadel will double down on Miami amid NYC mayor feud

Billionaire and Citadel CEO Ken Griffin repeated his company’s intentions to “double down” on moving to Miami in the wake of his feud with New York City Mayor Zohran Mamdani. “When we moved from Chicago, there was a debate between New York and Miami,” Griffin said at the 2026 Milken…

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