How many people has PayPal laid off?

PayPal has laid off a total of 9,260 employees across 3 reported layoff rounds. The first tracked event was in January 2023 and the most recent was in May 2026.

Is PayPal still hiring?

While PayPal has conducted layoffs, many large companies continue to hire in certain divisions even during restructuring periods. We recommend checking the PayPal careers page directly and browsing our job board for current openings.

What should I do if I was laid off from PayPal?

File for unemployment benefits immediately, review your severance agreement, and update your resume. Use our free Resume Builder to create an ATS-optimized resume, check market rates with our Salary Calculator, and explore open positions on our job board. Networking with former colleagues is also valuable — many find new roles through referrals within 3-6 months.

PayPal Layoffs

PayPal has laid off 9,260 employees across 3 rounds since 2023.

9,260

Total Laid Off

Rounds

Finance

Industry

May 2026

Most Recent

Layoff Timeline

May 5, 2026

4,760 employees(20% of workforce)

PayPal announced a multi-year reorganization under new CEO Enrique Lores targeting 4,760 roles (~20% of staff), phased over two to three years, to reach at least $1.5B in annualized run-rate savings.

January 30, 2024

2,500 employees(9% of workforce)

PayPal cut 2,500 jobs — 9% of its staff — as incoming CEO Alex Chriss restructured the payments firm.

January 31, 2023

2,000 employees(7% of workforce)

PayPal slashed 2,000 jobs — 7% of its workforce — amid slowing payment volume growth.

Were you affected? Here’s what to do next.

Update Your Resume

Free ATS-optimized resume builder

Check Market Rates

Know your worth before negotiating

Browse Open Jobs

Thousands of active listings

Frequently Asked Questions

PayPal Layoffs

PayPal has laid off 9,260 employees across 3 rounds since 2023.

9,260

Total Laid Off

Rounds

Finance

Industry

May 2026

Most Recent

Layoff Timeline

May 5, 2026

4,760 employees(20% of workforce)

PayPal announced a multi-year reorganization under new CEO Enrique Lores targeting 4,760 roles (~20% of staff), phased over two to three years, to reach at least $1.5B in annualized run-rate savings.

January 30, 2024

2,500 employees(9% of workforce)

PayPal cut 2,500 jobs — 9% of its staff — as incoming CEO Alex Chriss restructured the payments firm.

January 31, 2023

2,000 employees(7% of workforce)

PayPal slashed 2,000 jobs — 7% of its workforce — amid slowing payment volume growth.

Were you affected? Here’s what to do next.

Update Your Resume

Free ATS-optimized resume builder

Check Market Rates

Know your worth before negotiating

Browse Open Jobs

Thousands of active listings

PayPal Layoffs

Layoff Timeline

Were you affected? Here’s what to do next.

Frequently Asked Questions

Related job searches

PayPal Layoffs

Layoff Timeline

Were you affected? Here’s what to do next.

Frequently Asked Questions

Related job searches