Mergers and acquisitions (M&A) has emerged as a key area of interest within PayPal’s hiring activity, according to GlobalData, which reveals that the company posted around 200 jobs related to M&A between January and October 2022. The leading data and analytics company also reveals that PayPal has invested in 20 companies so far in 2022.

Analysis of GlobalData’s Job Analytics Database reveals that PayPal posted a total 7,600 jobs between January and October 2022. These roles included a ‘Product Manager Integration and Strategy’ role, which looks at driving the management of website integrations and/or re-platforming of sites from across PayPal’s family of acquired global brands.

Sherla Sriprada, Analyst at GlobalData, comments: “PayPal has, either directly or through its venture arm, been making strategic investments in start-ups such as LayerZero Labs and  Forage Technology, according to GlobalData’s Financial Deals Database.”

Alongside M&As, PayPal has also been focusing on hiring staff within its risk & compliance, data science, marketing & sales, and iOS/Android teams.

Sriprada continues: “According to GlobalData’s Company Filings Analytics Database, PayPal mentioned* that it is identifying additional areas of productivity improvements across servicing, marketing, and engineering functions, as well as opportunities to rationalize real estate footprint and shift hiring to lower-cost geographies.

GlobalData’s research also reveals that, PayPal’s job postings have seen a notable slowdown in recent months, while M&A/investments as a theme emerged as a key focus area for its hiring activity.

Sriprada adds: “Analysis of GlobalData’s Job Analytics Database reveals that PayPal posted around 400 jobs in October 2022, while the monthly average job postings stood at around 800 for January-September. Moreover, in November 2022, the company announced that it would lay off 59 employees at its headquarters due to rising costs and restructuring.”