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PayPal Surpasses 20,000 Employees

Company Reports Record Growth, Expands Globally

Staff Increase Supports Payment Innovation

San Jose, Calif. – February 6, 2023 – PayPal Holdings, Inc. (NASDAQ: PYPL) today announced that it has surpassed 20,000 employees, reflecting the company's continued growth and commitment to innovation in the payments industry.

The increase in staff is driven by the company's expansion into new markets, the launch of new products and services, and the need to support its growing customer base. PayPal now operates in over 200 markets and offers a wide range of payment options, including digital wallets, online payments, and merchant services.

The company is also investing in new technologies, such as artificial intelligence and blockchain, to improve the security and efficiency of its payments platform. PayPal is also expanding its partnerships with banks and other financial institutions to provide more integrated and convenient payment experiences for customers.

“We are very pleased to have reached this milestone and are proud of the team we have built,” said Dan Schulman, President and CEO of PayPal. “Our employees are the foundation of our success and are essential to our continued growth.”

PayPal is committed to providing its employees with a positive and rewarding work environment. The company offers a competitive benefits package, including health insurance, paid time off, and retirement savings plans. PayPal also provides a variety of opportunities for employees to learn and grow, including training programs and tuition reimbursement.

The company's continued growth is a testament to its strong management team, innovative products and services, and commitment to its customers. PayPal is well-positioned to continue to lead the way in the payments industry and provide even more value to its stakeholders in the years to come.

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