PayPal is closing its San Francisco headquarters to assess its global footprint. 

Multiple sources suggest the payments giant is closing its Xoom facility on 425 Market St. in San Francisco. In 2015, PayPal bought online money transfer company Xoom. According to a corporate insider, personnel from that office will work remotely from the San Jose headquarters. The decision affects an unknown number of employees.

The closure's financial cause is unknown. Before Wednesday's quarterly earnings report, the stock reached a 52-week low. The digital payment platform had two San Francisco offices before the outbreak, but one closed. 

PayPal's San Jose headquarters will remain.