# PayPal is planning to fire about 20 per cent of its employees in the next 2-3 years.

*business · news · 2026-05-06 · Times Now*

## Key points

- PayPal plans to lay off 20% of its workforce within the next two to three years.
- A dedicated AI transformation and simplification team has been established to oversee company-wide AI integration.
- The restructuring includes reorganising PayPal into three divisions, covering checkout, consumer finance, and crypto services.
- PayPal expects these restructuring and AI initiatives to deliver at least $1.5 billion in savings.

**Companies:** PayPal

[Read the full story on Times Now](https://www.timesnownews.com/business-economy/companies/paypal-layoffs-fintech-firm-to-terminate-20-of-workforce-heres-why-article-154259680)

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