https://layoffcheck.com/companies/paypal Layoff and WARN notices reported for PayPal. en-us https://layoffcheck.com/companies/paypal#2026-05 https://layoffcheck.com/companies/paypal#2026-05-47 Tue, 05 May 2026 12:00:00 GMT Weaker-than-expected first-quarter profit set the stage for PayPal's announcement on May 5, 2026 that it would cut about 4,760 jobs, roughly 20% of its 23,800-person workforce. New CEO Enrique Lores, who took over in March 2026 after leading HP Inc., described the reductions as part of a two-to-three-year reorganization rather than a one-time action, targeting at least $1.5 billion in annualized run-rate savings. He pitched the move as a technology and culture reset rather than ordinary cost-cutting, saying PayPal is 'becoming a technology company again' and is 'aggressively adopting AI in our development processes.' The announcement confirmed earlier Bloomberg and Wall Street Journal reporting and accompanied the company's Q1 earnings. https://layoffcheck.com/companies/paypal#2024-06 https://layoffcheck.com/companies/paypal#2024-06-757 Tue, 18 Jun 2024 12:00:00 GMT PayPal reported a workforce reduction in SF Bay Area in June 18, 2024. https://layoffcheck.com/companies/paypal#2024-01 https://layoffcheck.com/companies/paypal#2024-01-1021 Tue, 30 Jan 2024 12:00:00 GMT PayPal reported a workforce reduction in SF Bay Area in January 30, 2024. https://layoffcheck.com/companies/paypal#2023-01 https://layoffcheck.com/companies/paypal#2023-01-2247 Tue, 31 Jan 2023 12:00:00 GMT PayPal reported a workforce reduction in SF Bay Area in January 31, 2023. https://layoffcheck.com/companies/paypal#2022-05 https://layoffcheck.com/companies/paypal#2022-05-3639 Mon, 23 May 2022 12:00:00 GMT PayPal reported a workforce reduction in SF Bay Area in May 23, 2022.