PayPal CEO Dan Schulman Sees Staff Working From Home More Often Post Covid

PayPal CEO Dan Schulman Sees Staff Working From Home More Often Post Covid

Photographer: Gabby Jones/Bloomberg Photographer: Gabby Jones/Bloomberg
PayPal Holdings Inc. employees will probably spend more time working from home even after the coronavirus pandemic is over.
The company envisions the vast majority of staffers splitting their time between working from home and from one of the company’s offices, Chief Executive Officer Dan Schulman said in a Bloomberg Television interview. The firm employed about 23,200 people globally at the end of last year, with almost half based in the U.S.
Dan Schulman
Photographer: Patrick T. Fallon/Bloomberg
“I don’t think we’re ever going back to what was,” Schulman said. “Some people will forever be at home, and others will be more in the office, but the vast majority will be some kind of three-two hybrid,” he said, referring to the number of days spent working from each place.
Promising Covid-19 vaccine trials have prompted many employers to begin weighing how they’ll ultimately return workers to offices after sending them home in droves earlier this year to stem the virus’s spread. Schulman said it might take until late summer of 2021 or even the early fall before any vaccine has seen enough uptake for PayPal to begin bringing more workers back to the office.
Dan Schulman, president and chief executive officer at PayPal Holdings Inc., discusses the future of work for the company as a result of the Covid-19 pandemic. Schulman spoke Nov. 20 with Bloomberg’s Emily Chang. (
Source: Bloomberg)
Separately, Schulman said demand for a new PayPal service that allows users to buy, sell and hold cryptocurrencies has been overwhelming, with an early wait list for the offering attracting two to three times as much interest as the company had expected. The company is planning to let customers use cryptocurrencies to fund their transactions on the PayPal platform starting early next year.
“That will fundamentally bolster the utility of cryptocurrency, really moving it from kind of an asset class today to more of an ability to use it in everyday transactions,” Schulman said.
— With assistance by Emily Chang Published on

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