PayPal Plans to Cut 20% of Workforce as CEO Seeks to Revamp

Revenue was up about 7%. It was a decent beat, about 6%. EPS beat adjusted EPS was ahead of consensus.Volume was up 11%. Venmo volume accelerated to 14th. Operationally, it wasn't really a bad quarter, but the stocks are still down.So how I'd frame it is that this is a decent chemi result. But the bigger issue here is around credibility. And I think the market basically wants to see can new leadership really demonstrate some stabilization and execution.So not a blowout quarter, especially given the tough en ...