PayPal: San Jose layoffs take effect October 30
A California WARN notice lists 251 layoffs at PayPal’s San Jose headquarters, effective October 30. In September, a PayPal spokesperson confirmed job …
Companies
PayPal
Payments and fintechSan Jose, CaliforniaPYPLAbout 23,800 employees
WorkHush has 3 source-backed updates on PayPal workforce changes since May 2026. The latest, added September 1, 2026: Jobs cut across operations, including about 220 in India (confirmed reduction). The next layoff date on record is October 30, 2026. Read it with sources ›
What the sources say
All 3 source-backed updates ›Jobs cut across operations, including about 220 in India
Confirmed reduction · Confirmed September 1, 2026
Sources: Payments Dive, The South First
More about PayPal
Digital payments company offering online checkout, Venmo peer-to-peer payments and merchant payment processing
Revenue
$33.2B
Fiscal 2025, up about 4%
Employees
About 23,800
As of December 2025
Stock
PYPL
Nasdaq
Headquarters
San Jose, California
CEO
Enrique Lores
Since March 2026
BrandsPayPal, Venmo, Braintree, Xoom
Current strategyMultiyear restructuring under a new CEO to cut costs, invest in AI and spend $400M improving its branded checkout
Recent workforce changesPlan reported in May 2026 to cut about 20% of staff (more than 4,500 jobs) over two to three years; 251 San Jose roles cut in September 2026
CompetitorsBlock, Stripe, Apple Pay
Checked October 11, 2026 · Sources: sec.gov, sec.gov (2), staradvertiser.com, shopifreaks.com
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