Paypal is laying off 2000 employees – Breaking News & Latest Updates 2026
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The tech industry’s layoffs and hiring freezes: all of the news

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The Verge
Richard Lawler
PayPal is laying off 2,000 employees.

The latest mass layoff event in tech is happening at PayPal, where CEO Dan Schulman announced:

I’m writing to share the difficult news that we will be reducing our global workforce by approximately 2,000 full time employees, which is about 7% of our total workforce.

If you’re wondering why we’ve seen so many of these and why the 7 percent figure is so familiar, Elizabeth Lopatto can try to explain.

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