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London-based PhysicsX, which uses AI to design industrial parts such as engine and drone components, raised $135M, a source says at just under a $1B valuation (Kieran Smith/Financial Times)

Kieran Smith / Financial Times : London-based PhysicsX, which uses AI to design industrial parts such as engine and drone components, rai...

30 January 2024

In a letter to employees, PayPal says it plans to lay off around 2,500 employees, or about 9% of its workforce, and will cut back on open roles (Paige Smith/Bloomberg)

Paige Smith / Bloomberg:
In a letter to employees, PayPal says it plans to lay off around 2,500 employees, or about 9% of its workforce, and will cut back on open roles  —  - CEO Alex Chriss has vowed to improve operating leverage  — Latest round of cuts will affect about 9% of the workforce

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