AI & Jobs 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.