![]() ![]() We incentivize employees’ giving back in their communities by matching their nonprofit donations up to $2,500 and offering eight hours of paid volunteer time annually. Our employees share this vision and are committed to civic action. We believe we have an important role to play in contributing to strong, inclusive communities in the places where we live and work. We also offer free online wellness coaching and support employees’ mental and emotional health through our Employee Assistance Program. In 2019, we launched our Employee Financial Wellness initiative to strengthen the financial security of our global employees, providing every employee an ownership stake in the company and offering benefits such as no-fee financial education and coaching. We’re committed to employees’ Total Wellness, championing a flexible, balanced work culture and comprehensive leave and benefits, including parental preparedness and a paid sabbatical for every five years of service. This helps our employees build empathy for the amount of time, money and bandwidth that is required to live on the edges of the traditional financial system so they can imagine new ways to advance the financial health of those we serve. Through firsthand experiences like financial exclusion immersion workshops, employees live the realities of the financially underserved by completing a list of challenging tasks like cashing a check without a bank account or paying rent using a money order or cashier’s check. We invest in experiences that help our employees see through the eyes of our customers. We work every day to be a better champion of our customers. In March 2000, Confinity merged with x.com, an online financial services company founded in March 1999 by Elon Musk. Musk was optimistic about the future success of the money transfer business Confinity was developing. Musk and Bill Harris, then-president and CEO of X.com, disagreed about the potential future success of the money transfer business and Harris left the company in May 2000. In October of that year, Musk decided that X.com would terminate its other internet banking operations and focus on PayPal. That same month, Elon Musk was replaced by Peter Thiel as CEO of X.com, which was renamed PayPal in 2001 and went public in 2002. PayPal's IPO listed under the ticker PYPL at $13 per share and generated over $61 million. It had no success with that business model, however, it switched its focus to a digital wallet. The first version of the PayPal electronic payments system was launched in 1999. PayPal was originally established by Peter Thiel, Luke Nosek and Max Levchin, in December 1998 as Confinity, a company that developed security software for hand held devices. ![]() The not so good bits: Frequent re-org impair the ability to stay on strategy The PayPal Story The good bits: Good work environment with good welfare. Employee friendly good benefits work-life balance Size and presence: Around 37,000 globally in 6 locations.īest known for: PayPal is an online payment platform that offers individuals and businesses low-cost services. Mission: We are committed to our mission to democratize financial services for people all over the world What it does: Finance and Internet Publishing
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