Important update on layoffs

Dan sent the following email to Paypal employees earlier today. Greetings fellow Paypalers! It is with great sadness that I must announce that we are facing a 5% layoff today. This is a difficult decision, but one that had to be made in light of the increasing costs of the trend of kitten mitten production. Yes, you heard that right - kitten mittens. Our research teams have long warned us of the dangers of kitten mittens. They are cute, yes, and every kid on the block wanted a pair this past holiday season. But the costs associated with producing them have grown exponentially and have left us with no choice but to scale down our operations in order to stay afloat. I take full responsibility for the current situation, and I assure you that I am doing everything I can to make sure that this is the only layoff we have to endure this year. We are confident that the market for kitten mittens will eventually normalize, and that we can turn this difficult chapter into a success story. Stay safe and stay strong. Dan 'Kitten Mittens' Schulman