San Jose, 5 May 2026 – PayPal Holdings is preparing further cost reductions, including possible job cuts, as new Chief Executive Officer Enrique Lores moves to reshape the payments company and restore confidence in its long-term growth strategy.
The planned cuts form part of a broader turnaround effort aimed at simplifying PayPal’s operations, sharpening accountability and improving profitability after a period of slower growth and intensified competition in digital payments. The company is targeting at least US$1.5 billion in gross run-rate cost savings over the next two to three years, with part of the savings expected to be reinvested into artificial intelligence, product development and financial services expansion.
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