I just learned that PayPal is laying off 251 employees from its San José headquarters as part of a larger restructuring effort. This move is aimed at improving the company's performance and cutting costs while also increasing investment in AI integration. It's part of a plan to reduce the workforce by 20% over the next few years. This news comes as a surprise, especially considering the company has around 28,000 employees. It seems like many big tech companies are reevaluating their staffing levels after over-hiring in the past. I can't help but wonder if some of those recent job postings were just placeholders. It's a tough time in the industry.