PayPal to Reduce Workforce by 20% — 4,760 Positions Impacted by AI - video Dailymotion

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PayPal plans to reduce about 20% of its employees — approximately 4,760 jobs in the U.S. — in the next two to three years as it embraces AI and automation, aiming for $1.5 billion in savings. Coinbase is letting go of 700 workers, while Block is decreasing from 10,000 to 6,000. By 2025, U.S. firms reported AI-related job reductions totaling 55,000 — a twelvefold increase compared to two years prior.

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00:00PayPal just announced one of the biggest job cuts in its history, and AI is the reason.

00:05The Wall Street Journal reports PayPal will cut roughly 20% of its workforce over the next two to three

00:12years.

00:13That's about 4,160 American jobs.

00:17PayPal's chief financial officer, Jamie Miller, told investors the company is streamlining operations

00:22and stepping up its use of AI and automation to deliver $1.5 billion in cost savings.

00:30And PayPal is far from alone.

00:31On the same day, Coinbase announced 700 layoffs, about 14% of its workforce, citing a shift toward AI agents.

00:40Block, the financial company founded by Twitter co-founder Jack Dorsey, is cutting from 10,000 employees down to 6

00:47,000.

00:48In 2025, U.S. companies pointed directly to AI in announcing 55,000 job cuts, 12 times the number from

00:56just two years earlier.

00:58If you're a PayPal employee in the United States right now, the question isn't whether AI is changing your job.

01:05It's whether AI still has a job for you.

PayPal to Reduce Workforce by 20% — 4,760 Positions Impacted by AI

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