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PayPal, the payments management giant, is the latest multinational employer to slash its workforce, following the likes of Facebook and Apple in significant downsizing.
The firm confirmed this week that it would cut around seven per cent of its current workforce, meaning around 2,000 people will lose their jobs.
Whilst this number seems drastic, it pales in comparison to others such as Google, which cut 12,000 jobs in January, and Amazon, which cut a whopping 18,000.
However, whilst Google and Twitter have been accused of mismanaging the redundancy process, it seems that PayPal is taking a more ethical route.
