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.
Average number of employees at PayPal from 2015 to 2022
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Number of employees
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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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Statista, & PayPal. (February 1, 2023). Average number of employees at PayPal from 2015 to 2022 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1342221/paypal-number-of-employees/
Statista, und PayPal. "Average number of employees at PayPal from 2015 to 2022." Chart. February 1, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1342221/paypal-number-of-employees/
Statista, PayPal. (2023). Average number of employees at PayPal from 2015 to 2022. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1342221/paypal-number-of-employees/
Statista, and PayPal. "Average Number of Employees at Paypal from 2015 to 2022." Statista, Statista Inc., 1 Feb 2023, https://www.statista.com/statistics/1342221/paypal-number-of-employees/
Statista & PayPal, Average number of employees at PayPal from 2015 to 2022 Statista, https://www.statista.com/statistics/1342221/paypal-number-of-employees/ (last visited July 22, 2024)
Average number of employees at PayPal from 2015 to 2022 [Graph], Statista, & PayPal, February 1, 2023. [Online]. Available: https://www.statista.com/statistics/1342221/paypal-number-of-employees/