PayPal Adds Another Round of Layoffs

PayPal to slash hundreds of California jobs as big money managers axed by tech giant

California-based payments giant PayPal plans to lay off 251 workers at its headquarters in San Jose, according to an employment agency filing.

SCIENCE & TECH: Bay Area tech giant PayPal cuts hundreds of California jobs

Fresh layoffs at a Bay Area tech giant have gutted senior employees and engineers as part of a brutal 20% workforce reduction. Payments giant PayPal plans to ax 251 employees at its San Jose headquarters, according to a notice filed with California’s Employment Development Department. Dozens of senior directors, managers and engineers will lose their jobs as part of the layoffs, the filing states. The cuts include 42 senior software engineers an…

PayPal adds another round of layoffs

PayPal, the digital payments company, is laying off 251 employees at its San José headquarters in another round of layoffs, according to a recent government filing. The cuts are a part of a multiyear restructuring plan led by CEO Enrique Lores to turn around the company's performance and cut costs while investing more in AI integration.

PayPal plans 251 layoffs tied to Bay Area operations

Daily Digest: Layoffs at PayPal, Arsenal Biosciences, Clarmil Manufacturing pepper Bay Area

Meanwhile on Wall Street, shares of Cerebras Systems and Astera Labs gained more than 10% on Friday, while Asana and Autodesk stock lost ground.