PayPal layoffs

The short version

• Biggest round: May 2026, 4,800 jobs, about 20% of staff.
• 1 of the 5 rounds were tied to AI by the company or credible reporting.
• That is the largest total among the 32 Fintech employers we track.
• We track 227 employers in United States with layoffs since 2022.

Hiring elsewhere in Fintech

Every round, newest first

1. Sep 2026−251

   PayPal filed notice to lay off 251 employees at its San Jose headquarters as part of a multiyear restructuring.

   Source: Honolulu Star-Advertiser

2. May 2026−4,800(20% of workforce)AI · likely

   Plans to cut about 20% of staff over the next few years; CEO Enrique Lores said the company would first remove duplication and layers, then accelerate AI adoption and automation.

   Source: Wall Street Journal via Yahoo Tech

3. Jan 2024−2,500(9% of workforce)

   CEO Alex Chriss told employees PayPal would cut about 9% of its global workforce, around 2,500 jobs, through direct reductions and the elimination of open roles.

   Source: CNBC

4. Jan 2023−2,000(7% of workforce)

   About 7% of staff; CEO Dan Schulman cited a challenging macroeconomic environment.

   Source: CNBC

5. May 2022−307

   PayPal announced 307 job cuts at its Dublin and Dundalk offices.

   Source: Eurofound European Restructuring Monitor

Common questions about PayPal

How many people has PayPal laid off?

We have tracked 5 rounds of cuts at PayPal since May 2022. The rounds with a stated headcount add up to 9,858 jobs.

When was the latest PayPal layoff?

Sep 2026: 251 jobs. PayPal filed notice to lay off 251 employees at its San Jose headquarters as part of a multiyear restructuring.

Did PayPal blame AI for its layoffs?

Yes, for some rounds. We count a cut as AI-related only when the company said so or credible reporting made the link.