# PayPal is planning to layoff thousands of employees over the next two to three years.

*business · news · 2026-05-07 · Times of India*

## Key points

- PayPal plans to cut 20% of its workforce, equating to approximately 4,760 jobs.
- The layoffs aim to accelerate artificial intelligence adoption and simplify PayPal's operations.
- The company recently reorganized into three new business units to target key growth areas.
- CEO Enrique Lores expects the restructuring to yield at least $1.5 billion in run-rate savings.

**Companies:** PayPal
**Countries:** United States

[Read the full story on Times of India](https://timesofindia.indiatimes.com/technology/tech-news/paypal-to-lay-off-thousands-as-company-ceo-wants-to-spend-more-on-technology-tells-investors-first-we-will-remove-/articleshow/130885435.cms)

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