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PayPal Targets $1.5B in Savings Through Job Cuts Over Next 2-3 Years

GateNews

2026-05-05 23:31:27

According to Bloomberg, PayPal announced on May 5 a cost-cutting initiative targeting at least $1.5 billion in savings over the next two to three years under new CEO Enrique Lores, as the fintech company faces intensified competition.

The company reported first-quarter adjusted earnings per share of $1.34, exceeding analyst estimates of $1.27, while transaction margin dollars increased 3% to $3.81 billion.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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