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PayPal Pulls Out of North Carolina Plan over Transgender Bathroom Law

(Reuters) — PayPal Holdings Inc on Tuesday canceled plans to open a global operations center in Charlotte, North Carolina and invest $3.6 million in the area after the state passed a controversial law targeting lesbian, gay, bisexual and transgender (LGBT) citizens.

The digital payment company’s protest is the first by a major business after North Carolina became the first state last month to enact a measure requiring people to use bathrooms or locker rooms in schools and other public facilities that match the gender on their birth certificate rather than their gender identity.

The law, which overturned a Charlotte city ordinance, was widely interpreted as an attack on LGBT rights. State lawmakers also voted to prohibit local governments from enacting anti-discrimination protections based on sexual orientation and gender identity.

“The new law perpetuates discrimination and it violates the values and principles that are at the core of PayPal’s mission and culture,” Chief Executive Officer Dan Schulman said in a statement.

Read the rest of the story at Reuters.

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