A new North Carolina law that allows for discrimination against LGBT people is affecting the state’s future employment opportunities. PayPal confirmed today that it will no longer follow through on plans to open a global operations center in the state because of the legislation. The center would have created 400 jobs. The company said its decision reflects its "deepest values" and "strong belief that every person has the right to be treated equally, and with dignity and respect."

The law, which was passed in March of this year, bars transgender people from bathroom and locker rooms that do not match the gender on their birth certificates. It also supersedes ordinances protecting gay, lesbian, bisexual, and transgender people from discrimination. PayPal’s CEO joined more than 80 other tech executives in signing a letter last week that criticized the law. They warned that its passing could cause a brain drain in the state as its best professional talent moves away. PayPal’s decision today reinforces that message with tangible action.