PayPal Layoffs (June 2026)
Workzil tracks 2 reported layoff events at PayPal affecting approximately 7,260 employees in total. Each event links back to a primary source; the rehire pathways below show where impacted employees typically land next.
By Workzil Editorial · Career Research Team
Updated June 12, 2026
Events sourced from company press releases, SEC filings, WARN Act filings, and major-outlet reporting. Headcount counts are publicly reported figures, not estimates.
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2
Tracked events
7,260
Affected employees
fintech
Sector
May 2026
Latest event
Reported layoff events
May 5, 2026 · 4,760 affected
PayPal to Cut 4,760 Jobs in Multi-Year Reorganization
PayPal announced plans to eliminate roughly 4,760 jobs -- about 20% of its workforce, phased over two to three years -- as CEO Alex Lores pursues a reorganization targeting at least $1.5 billion in savings.
January 30, 2024 · 2,500 affected
PayPal Cuts 2,500 Jobs as New CEO Reshapes Strategy
PayPal CEO Alex Chriss, who took over in September 2023, announced 2,500 layoffs -- about 9% of the workforce -- as part of an effort to streamline the fintech giant and reignite growth after two years of stock declines.
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