people · May 17, 2026
PayPal Plans to Cut 4,760 Jobs or 20 Percent of Workforce Over Two to Three Years
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PayPal announced plans to eliminate approximately 4,760 positions representing 20 percent of its 23,800 employees reported at the end of 2025. The reductions will occur over the next two to three years as part of efforts to accelerate AI adoption and reduce costs. New CEO Enrique Lores outlined the restructuring during the company's Q1 2026 earnings process. The initiative targets operational simplification and efficiency gains amid competitive pressures in digital payments.
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