![]() In the long run, though, the restructuring will save the company $260 million a year. PayPal spent $100 million in severance pays and other expenses related to the job cuts, and it expects to spend even more. The lack of availability of certain products due to the global supply chain crisis may have contributed to that, as well as the fact that people returned to in-store shopping after pandemic restrictions had eased. In the first quarter of the year, spending on the platform increased by 15 percent to $323 billion, which is the smallest growth it has seen in five years. While the company approved plans to strategically reduce its workforce in 2020, these recent layoffs come after PayPal's growth showed signs of slowing down. Further, it previously revealed that it was going to permanently lay off 80 people working in its headquarters in San Jose, California. The publication says the payment processor also recently reduced its employee numbers in Chicago, Omaha, Nebraska and Chandler, Arizona. It's the latest in a series of layoffs within the company - and it also won't be the last. At PayPal (NASDAQ: PYPL), we believe that every person has the right to participate fully in the global economy.PayPal has laid off workers in risk management and operations this week, according to Bloomberg. Our mission is to democratize financial services to ensure that everyone, regardless of background or economic standing, has access to affordable, convenient, and secure products and services to take control of their financial lives. PayPal’s Legal Team is looking for a dynamic paralegal to join its Litigation group. In this role, you will work closely with the Litigation team attorneys and fellow paralegals managing PayPal’s pre-litigation dispute process. Prior experience in the financial services industry is a plus.Īt PayPal, we’re committed to building an equitable and inclusive global economy.Paralegal Certificate from an ABA accredited school preferred.Experience preparing concise and succinct presentations, graphs and reports.Must be excellent at organizing and tracking case information and docketing.Highly proficient in PowerPoint, Excel, Teams, Sharepoint, iManage, ONIT, Tableau, Relativity, and iPro.Familiarity with, and strong interest in, PayPal, ecommerce payments, emerging payment technology and the payments industry.Creative thinker with strong problem-solving skills.Must be a skilled oral and written communicator.Capable of managing numerous projects and cases simultaneously under tight deadlines while maintaining a good sense of humor and positive attitude.A successful candidate will collaborate with PayPal legal colleagues across our global organization.The ideal candidate should have knowledge of PayPal’s products and services.The ideal candidate should have proficient verbal communication and customer service skills, including the ability to interact with customers on a daily basis for purposes of resolving customer concerns and disputes.Must have two or more years of litigation experience and, ideally, experience with arbitration.This is a junior paralegal role requiring a demonstrated proficiency and some experience in all aspects of litigation management.Review and handle small claims hearings throughout the United States as needed and represent PayPal and its subsidiaries.Maintain and manage information relating to litigation and other matters handled by PayPal’s Litigation team and use that information to drive better processes and efficiencies.Prepare metrics, reports, and presentations for internal stakeholders.Work on complex assignments requiring advance problem-solving skills.Draft and fulfill settlement agreements, when appropriate.Draft and handle correspondence, both written and oral, with claimants to attempt to resolve pre-litigation matters.Research and analyze demand letters and pre-arbitration notices of dispute to determine whether resolution should be attempted before such claim escalates to a formal case filing.Review and analyze pre-litigation demand letters and pre-arbitration notices of dispute.This position reports to the Consumer Litigation Legal Counsel and will be located in Omaha, Nebraska, Scottsdale, Arizona, or Timonium, Maryland. And we can’t do this without our most important asset-you. That’s why we offer benefits to help you thrive in every stage of life. We champion your financial, physical, and mental health by offering valuable benefits and resources to help you care for the whole you.
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