PayPal says it s becoming a technology company again. That means AI.
The story
PayPal is pitching an AI-led turnaround, tying automation and restructuring to $1.5B in savings as it cuts jobs and works to modernize its tech stack.
From the source
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Fintech PayPal says it s becoming a technology company again. That means AI. Sarah Perez 8:49 AM PDT · May 5, 2026 PayPal is looking towards the future, despite its falling stock and looming layoffs. In its first-quarter earnings call, CEO Enrique Lores told investors that PayPal needs to recommit to the fundamentals, which included becoming a technology company again.
There was no need to read between the lines — PayPal was pitching an AI-powered turnaround.
Who and what
Key names and topics in this story: PayPal.
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