Employment Law

PayPal Planning to Eliminate 20% of Staff, Increasing AI Adoption

An employee leaving with their office supplies. (Photo: Getty Images)

What’s Happening at PayPal?

PayPal is reportedly planning to eliminate approximately 20% of its workforce, or more than 4,000 jobs, over the next 2-3 years.

Sources tell news outlets, including The Wall Street Journal, that the payments giant is looking to accelerate its adoption of artificial intelligence (AI) and cut costs.

Impact on Canadian Staff

It remains unclear if any Canadian employees at PayPal will be let go.

According to LinkedIn, the company currently has more than 260 workers in the country.

More PayPal Layoff Coverage

For a full overview of PayPal layoffs and the rights that non-unionized employees in Canada have in this situation, see our PayPal Layoffs & Severance Guide.

Lost Your Job at PayPal?

Getting your severance offer reviewed before signing will ensure you aren't forfeiting any compensation.

Contact an Employment Lawyer

Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and SHOULD NOT be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.

About the Author

Canadian employment lawyer Lior Samfiru, co-founding partner at Samfiru Tumarkin LLP

Lior Samfiru

National Co-Managing Partner

Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.

More about Lior Samfiru

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