Tesla and PayPal to cut $50 million in US operations by 2019

Credit card company Tesla and payment processor PayPal announced Tuesday they would cut $25 million in the US and Canada in 2019, as the US struggles to recover from a wave of credit card fraud and the US economy struggles to return to growth.

The company said it would spend $15 million on credit card processing, $30 million on payment processing and $35 million on customer service, according to a statement from the companies that were not identified.

The cuts would affect the more than 11,000 employees who have been with Tesla since the electric carmaker’s IPO in May 2017.

Tesla said it was “committed to a long-term investment plan that will ensure our financial health.”

The company also said it had signed a memorandum of understanding to merge its US and Canadian operations.

The companies said they would invest $200 million each to create a combined company that will have a total annual sales of more than $2 billion.

Tesla said it planned to add another $100 million in 2019.

PayPal said it plans to spend $30 billion on payments services and related technology over the next three years.

The company has been struggling to bring in new customers as it continues to lose customers to credit card and other fraud.

The US economy is slowing and companies are slashing spending and investing in research and development to meet growing customer demand.

Payment companies have been hit hard by fraud as consumers are increasingly opting to pay for things with cash and other payment methods, rather than using traditional payment methods.

The credit card industry has struggled for years to keep pace with the rising costs of processing transactions.

But in 2017, credit card companies said payments grew at their fastest pace in five years as the U.S. economy recovered from the recession and companies began to diversify their business models.

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