Enrique Lores joined from HP with some clear goals to achieve. He's starting to put his plans into action. PayPal’s made no secret of its re-invention ambitions to thrive in the age of AI, where no ...
PayPal is pitching an AI-led turnaround, tying automation and restructuring to $1.5B in savings as it cuts jobs and works to modernize its tech stack.
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PayPal to cut 4,760 jobs in $1.5B AI overhaul
Major job cuts: PayPal will eliminate 4,760 positions, about 20% of staff, over two to three years to fund a $1.5 billion AI transformation. CEO’s AI vision: Enrique Lores plans to modernize PayPal’s ...
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