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#ai-transformation · How AI Is Reshaping Work

Tracking how AI is reshaping roles, departments, and industries — updated daily.

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PayPal's May 5 Q1 Print: 「Becoming a Technology Company Again」 Costs 4,760 Jobs, $1.5B Target, and the Internal AI Team Is on the Cut List

PayPal announced May 5 it will cut ~4,760 jobs (20% of 23,800) over 2–3 years to chase $1.5B in savings. New CEO Lores wants PayPal to 「become a technology company again」 — first in line for cuts: merchant support, customer service, and the internal AI team itself.

May 7, 2026

#paypal#enrique-lores#fintech