Layoffs
PayPal cuts 4,500 jobs
Company reduces workforce as tech sector cites AI pressures.
−4,500jobs affected
PayPal laid off 4,500 employees, according to TechCrunch's layoffs tracker. The cuts represent a significant reduction in the company's workforce, though PayPal did not publicly announce the layoffs or provide additional details about the timing or affected divisions. The reduction comes as tech companies have increasingly cited artificial intelligence as a driver of workforce reductions.
Sources
TechCrunch Layoffs