The latest round of cuts is expected to affect 251 positions at the San Jose headquarters, including senior directors, managers and a large number of engineering roles. The affected positions reportedly include around 50 director-level jobs, more than 40 senior management roles and over 100 engineering-related positions.
Senior software engineers, engineering managers and employees involved in product management are among those expected to be affected. The job cuts are reportedly scheduled to take effect from October 30, 2026.
PayPal has planned to reduce its global workforce by around 20 per cent this year as part of a wider transformation programme. The company aims to reduce management layers, simplify operations and lower its operating costs.
The planned workforce reduction comes after PayPal also cut jobs in India. Reuters reported that around 220 positions were eliminated there, while other reports said the cuts across several Indian offices affected about 600 employees.
PayPal has said the restructuring is part of its multi-year transformation plan, which is intended to make its global operations more efficient and support long-term growth. The company is also targeting savings of around $400 million this year.
As part of its cost-cutting strategy, PayPal is reducing organisational layers while increasing its use of artificial intelligence and automation.
The latest layoffs come as technology and fintech companies around the world continue to restructure their workforces amid rising costs, intense competition, weaker business performance and the growing adoption of AI and automation.
