# PayPal Holdings Inc. (PYPL) plans to cut around 20% of its workforce in the next two to three years.

*business · news · 2026-05-05 · MarketScreener*

## Key points

- PayPal plans to cut around 20% of its workforce over the next two to three years.
- The reduction could eliminate more than 4,500 jobs from PayPal's current employee base.
- CEO Enrique Lores is directing the cuts as part of his turnaround strategy for PayPal.
- The workforce reduction aims to achieve at least $1.5 billion in savings within three years.

**Companies:** PayPal Holdings Inc.

[Read the full story on MarketScreener](https://www.marketscreener.com/news/paypal-plans-to-cut-20-of-workforce-as-ceo-seeks-to-revamp-ce7f58dcdf80f124)

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