Brief: PayPal Targets At Least $1.5 Bln Gross Run-Rate Savings Over Next 2-3 Years
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BRIEF-PayPal Targets At Least $1.5 Bln Gross Run-Rate Savings Over Next 2-3 Years Oct 27 (Reuters) - PayPal Holdings, Inc. PYPL.O:
PAYPAL: TARGETS AT LEAST $1.5 BILLION GROSS RUN-RATE SAVINGS OVER NEXT 2-3 YEARS, WITH ABOUT $700 MILLION RUN-RATE BY YEAR-END - PRESENTATION
PAYPAL: REDUCED HEADCOUNT BY OVER 2,000; REDUCED MANAGERIAL ROLES BY MORE THAN 25%
PAYPAL: OPTIMIZING OUTSIDE SERVICES; CONSOLIDATING VENDORS; PRIORITIZING COUNTRIES FOR INVESTMENT
((Reuters.Briefs@thomsonreuters.com;))
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Brief: PayPal Targets At Least $1.5 Bln Gross Run-Rate Savings Over Next 2-3 Years