PayPal Adds Another Round of Layoffs
The company plans to cut more than 4,500 jobs over two to three years to save about $1.5 billion and invest more in artificial intelligence, Bloomberg said.
- On Friday, Sept. 4, 2026, PayPal announced it is laying off 251 employees at its San Jose headquarters, according to a recent government filing.
- CEO Enrique Lores is leading a multiyear restructuring plan to improve performance and cut costs while increasing AI-powered investments, as executives say such tools reduce staff needs.
- PayPal shares have fallen more than 15% over the last 12 months, trading around $55, while net income fell 12% to $1.26 billion in the second quarter.
- Analysts cite a slowdown in branded checkout and competition from Apple Pay and Google Pay as major challenges, while the company attributes struggles partly to the "K-shaped" economy.
- PayPal joins Meta, Snap, Block, Oracle, and Amazon in announcing layoffs this year as Silicon Valley tech companies prioritize AI investments amid broader industry workforce reductions.
13 Articles
13 Articles
PayPal adds another round of layoffs as part of multiyear restructuring plan | Honolulu Star-Advertiser
PayPal, the digital payments company, is laying off 251 employees at its San José headquarters in another round of layoffs, according to a recent government filing.
PayPal Layoffs: Company Cuts 251 High-Earning Roles at California Headquarters, Targets Directors and Engineers | 📲 LatestLY
A company spokesperson stated that the workforce changes are part of a 'previously announced multi-year transformation to simplify our global operations, strengthen execution, and position the company for long-term growth,' adding that PayPal is committed to supporting departing personnel through the transition. 📲 PayPal Layoffs: Company Cuts 251 High-Earning Roles at California Headquarters, Targets Directors and Engineers.
The Derrick
PayPal adds another round of layoffs
PayPal, the digital payments company, is laying off 251 employees at its San José headquarters in another round of layoffs, according to a recent government filing. The cuts are a part of a multiyear restructuring plan led by CEO Enrique…
SCIENCE & TECH: Bay Area tech giant PayPal cuts hundreds of California jobs
Fresh layoffs at a Bay Area tech giant have gutted senior employees and engineers as part of a brutal 20% workforce reduction. Payments giant PayPal plans to ax 251 employees at its San Jose headquarters, according to a notice filed with California’s Employment Development Department. Dozens of senior directors, managers and engineers will lose their jobs as part of the layoffs, the filing states. The cuts include 42 senior software engineers an…
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