Nigeria, Jan. 31 -- PayPal, an online payment company, has announced a plan to cut 2,500 jobs globally in the latest round of big tech layoffs.

The decision, according to the company, would affect 9 per cent of its workforce across the world.

In a message to the company's employees on Tuesday, PayPal Chief Executive Officer, Alex Chriss, said the decision was to "right-size" the company business.

He said affected employees will be notified by the end of the week.

"In our last Global All Hands, I shared that to build a growth organisation and unlock our true potential, we need to be honest about how we can improve.

"During the last few months, I have spent as much time as possible with as many of you as possible to learn about our com...