PayPal
FintechAI-Cited LayoffsUnited States4 layoff rounds tracked
9,500
Total Jobs Cut
January 2025
Most Recent
2,500
Largest Single Layoff
Yes
AI Cited
Layoff Timeline
January 2025
2,500 jobs cut(9% of workforce)
AI-CITED
Reason: AI automation of payment processing operations
January 2024
2,500 jobs cut(9% of workforce)
AI-CITED
Reason: CEO emphasized deploying automation across organization
January 2024
2,500 jobs cut(9% of workforce)
AI-CITED
Reason: AI automation of payment processing operations
February 2023
2,000 jobs cut(7% of workforce)
Reason: Macro headwinds; slowing e-commerce growth
About Fintech Layoffs
Other Fintech Layoffs
Sources
WSJ
AI automation of payment processing operations
Engadget
CEO emphasized deploying automation across organization
Crunchbase
AI automation of payment processing operations
Computerworld
Macro headwinds; slowing e-commerce growth
Work in Fintech?
Check your personal layoff risk score based on your role and company signals.
Take the Risk Assessment