The online payment service an**unced Tuesday that it is nixing plans to open a global operations center in Charlotte in response to the state's controversial new law eliminating discrimination protection for LGBT residents and requiring transgender people to use bathrooms that correspond with the gender on their birth certificates.*
Just two weeks earlier, PayPal revealed ambitious plans to hire 400 employees for the operations center and reportedly to invest $3.6 million on the expansion by the end of next year.*
"The new law perpetuates discrimination and it violates the values and principles that are at the core of PayPal’s mission and culture," Dan Schulman, CEO and president of PayPal, wrote in a blog post an**uncing the cancelled expansion plans. Read more...