PayPal Holdings, Inc. Reportedly Plans to Lay Off 4,760 Employees
SOURCENews reportView the filing ↗
What we know
Location: global (including Israel and Ireland).
A specific layoff date has not been disclosed.
Based on news reporting.
Summary
PayPal announced a multiyear efficiency plan under new CEO Enrique Lores that will reduce its global workforce by about 20% over the next two to three years, roughly 4,760 jobs out of 23,800. The cuts include dozens of roles in Israel (its Tel Aviv development center of about 200–250 employees) and a stated plan to lay off 164 employees in Ireland (about 12% of PayPal’s Irish workforce). The restructuring aims to simplify global operations and save about $1.5 billion annually; affected Israeli roles are largely data scientists and software engineers working on security, AI and fraud-prevention systems. PayPal said it will provide support to impacted employees as the multiyear plan is implemented.
PayPal Holdings, Inc. cut 4,760 jobs.
That is roughly 17.5% of the 27,200 people PayPal Holdings, Inc. employs.
LayoffTalk has tracked 15 layoff events at PayPal Holdings, Inc. since November 2022, including 940 jobs documented in official WARN filings, with 11 additional events known from news reporting.
Comments (0)
Anonymous by default. Be kind — people reading this may be going through it right now.
No comments yet. Be the first to share your thoughts.
Estimated figure based on news reporting. Not yet confirmed by PayPal Holdings, Inc..
Affected by this?
Share your story anonymously — it helps others reading this feel less alone.
Share your story →More layoffs at PayPal Holdings, Inc.
Recent tracked events at this company.