PayPal to Lay Off 20% of Workforce Under New CEO in Q1 2026
SOURCENews reportView the filing ↗
What we know
Based on news reporting.
Summary
PayPal Holdings, Inc. is set to lay off 20% of its workforce as part of a restructuring plan initiated by its new CEO. These layoffs are scheduled to take place in the first quarter of 2026, specifically around mid-February. The decision reflects the company's strategy to streamline operations and adapt to changing market conditions. While the exact number of employees affected has not been disclosed, the significant reduction indicates a major shift in the company's approach to its workforce. This move comes amid broader challenges in the tech industry, but PayPal's specific reasons for the layoffs focus on internal restructuring.
LayoffTalk has tracked 7 layoff events at PayPal Holdings, Inc. since November 2022, including 689 jobs documented in official WARN filings, with 4 additional events known from news reporting.
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