PayPal reports Q1 net revenue up 7% YoY to $8.4B, TPV up 11% YoY to $464B, active accounts up 1% YoY to 439M, and seeks $1.5B+ in cost savings; PYPL drops 5%+ (Paige Smith/Bloomberg)
Techmeme
Techmeme
Paige Smith / Bloomberg: PayPal reports Q1 net revenue up 7% YoY to $8.4B, TPV up 11% YoY to $464B, active accounts up 1% YoY to 439M, and seeks $1.5B+ in cost savings; PYPL drops 5%+ — PayPal Holdings Inc. plans to cut around 20% of its workforce in the next two to three years, according to a person familiar with the matter …