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Full coverage· Economy· Updated

PayPal Slashes Israeli Workforce by Quarter in Global Restructuring

US payment giant PayPal is laying off about 70 employees, nearly a quarter of its Israeli staff, as part of a global restructuring to streamline operations and invest in AI. This move is consistent with broader layoffs in Israel's tech sector.

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PayPal Slashes Israeli Workforce by Quarter in Global Restructuring
Illustration by baba

What happened

  1. 01PayPal is cutting about 70 jobs in Israel, nearly 25% of its local workforce.
  2. 02The layoffs are part of a global restructuring and AI investment plan.
  3. 03The company aims to save $1.5 billion annually through these changes.
  4. 04PayPal has a long history of acquisitions and R&D in Israel.
  5. 05The cuts mirror a wider trend of layoffs in the Israeli tech industry.

The Times of Israel publishes in English. The key points are summarized above. Read The Times of Israel’s full report from the link below.

Summarized by baba from The Times of Israel, the latest report. Read The Times of Israel’s original

The coverage

10 newsrooms on this story

Who covered it

  • Left1
  • Centre3
  • RightNone
  • Haredi1
  • ArabNone
  • Other5

How it broke

See which of the 10 newsrooms broke it, and who waited