PayPal will cut approximately 4,760 employees (20% of workforce) phased over 2-3 years, new CEO Enrique Lores announced May 5, 2026. Targets $1.5B run-rate savings as company shifts to AI-native operating model.

BILL Holdings is cutting up to 30% of its workforce, an estimated 700 jobs, on the same day it authorized a $1.0 billion stock buyback.

Upwork to Cut 24% of Staff in Restructuring, Citing Evolving 'Nature of Work'