PayPal's intention in 2022 to lay off some of its workforce means the end of a significant increase in employees in previous years. The company reported to have "approximately" 30,900 employees as of December 31, 2021 - although it does not mention whether these were full-time or part-time employees. Economic downturns - including fears over a new U.S. recession in 2022 - as well as a growing savings interest rate impacted several companies that were growing at a fast pace in the wake of COVID-19 and when many people started exploring fintech solutions and cryptocurrency investments during the lockdowns. Paypal user numbers reflect this changing environment: Whilst the number of active accounts on PayPal did still increase in 2022, the growth slowed down compared to previous years.
Annual numbers as of December 31 of that year; The source only provided "approximate" figures for its number of employees, and did not share full-time equivalents
Supplementary notes
The following sources were used for this statistic:
PayPal's annual reporting on employee size, such as in its 2021 reporting on page 76;
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PayPal, & U.S. Securities and Exchange Commission. (February 1, 2023). Employees of PayPal from 2015 to 2022 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1342221/paypal-number-of-employees/
PayPal, und U.S. Securities and Exchange Commission. "Employees of PayPal from 2015 to 2022." Chart. February 1, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1342221/paypal-number-of-employees/
PayPal, U.S. Securities and Exchange Commission. (2023). Employees of PayPal from 2015 to 2022. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1342221/paypal-number-of-employees/
PayPal, and U.S. Securities and Exchange Commission. "Employees of Paypal from 2015 to 2022." Statista, Statista Inc., 1 Feb 2023, https://www.statista.com/statistics/1342221/paypal-number-of-employees/
PayPal & U.S. Securities and Exchange Commission, Employees of PayPal from 2015 to 2022 Statista, https://www.statista.com/statistics/1342221/paypal-number-of-employees/ (last visited December 21, 2024)
Employees of PayPal from 2015 to 2022 [Graph], PayPal, & U.S. Securities and Exchange Commission, February 1, 2023. [Online]. Available: https://www.statista.com/statistics/1342221/paypal-number-of-employees/
