PayPal Holdings

Money Moves

Four workforce reductions since 2023; 251-job San Jose round effective October 30, 2026

PayPal filed notice to eliminate 251 jobs at its San Jose headquarters, effective October 30. The affected roles skew unusual: nearly 50 directors and more than 40 senior managers, a middle-heavy cut rather than bottom-of-org-chart thinning.

Updated 2 hours ago

Money Moves

Reporting improving profit under its turnaround plan

For two years PayPal told investors its core profit engine would shrink. On July 28, 2026, it said the opposite. The company beat second-quarter estimates and raised its full-year profit outlook, marking a concrete step in a turnaround that began when Alex Chriss took over as chief executive in 2023.

Updated Jul 28