More than 2,000 jobs cut and three organizational layers removed
Source-backed update · Company statement · PayPal
EventCEO Enrique Lores said on the October 27, 2026 third-quarter earnings call that headcount has been reduced by more than 2,000
Added to WorkHushOctober 30, 2026
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Sources
PayPal Q3 2026 earnings call transcript (Investing.com) · Oct 27, 2026Supports: CEO Enrique Lores says headcount has been reduced by more than 2,000 and three organizational layers removed across most of the company; the CFO cites management roles reduced by more than a quarter.Open the sourceReuters (via Investing.com) · Oct 27, 2026Supports: Reports that PayPal tied its cost savings to workforce reductions, including more than 2,000 job cuts and a cut of over a quarter in management roles.Open the source
Not in the sources
PayPal didn't say over what period the reductions happened, which teams or locations were affected, or how they relate to the reported plan to cut about 20% of the workforce.
More job cuts in October 2026 ›