# PayPal is reportedly weighing cuts of up to 20% of its workforce.

*business · news · 2026-05-06 · Fox Business*

## Key points

- PayPal is considering laying off up to 20% of its workforce in a major restructuring.
- New CEO Enrique Lores is prioritizing AI-driven cost reductions for operational streamlining.
- The company aims to save $1.5 billion over two to three years for growth reinvestment.
- Despite revenue growth, PayPal projects a 9% decline in adjusted earnings for the current quarter.

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

[Read the full story on Fox Business](https://www.foxbusiness.com/fox-news-tech/paypal-job-cuts-profit-outlook)

---

Canonical: https://newsio.io/n/c2804edf-3c86-417b-8c2e-1d799841186b/paypal-is-reportedly-weighing-cuts-of-up-to-20-of-its-workforce-the-potential-la
Summarized by Newsio from Fox Business. https://newsio.io/how-it-works