Full-Time
Posted on 9/4/2026
Digital payments platform for online transactions
$113.4k - $137k/yr
No H1B Sponsorship
Austin, TX, USA + 2 more
More locations: San Jose, CA, USA | Chicago, IL, USA
Hybrid
Three days on-site per week are required under the hybrid work model.
Bachelor's, Master's
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PayPal operates a global digital payments platform serving individuals, SMBs, and large enterprises. It enables online, mobile, and peer-to-peer payments, and also supports cryptocurrency trading and financing options like Pay in 4. Revenue mainly comes from transaction fees, currency conversion fees, and service fees for credit and installment products. The platform combines consumer wallet features with merchant tools for accepting payments, fraud protection, and global processing, aiming to make online payments secure, convenient, and widely accessible worldwide.
Company Size
10,001+
Company Stage
IPO
Headquarters
San Jose, California
Founded
1998
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Stock Purchase Plans
Retirement Savings and Pension Plans
Stock Awards
Life Insurance and Disability Benefits
Paid Time Off
Four Weeks Paid Sabbatical for every Five Years of Service
Educational and Professional Development benefits
Matching Gifts & Volunteerism Opportunities
Matching Gifts
Skills-Based Volunteering
Green Teams
GIVE Teams
PayPal has cut approximately 220 jobs in India as part of a broader multi-year restructuring plan announced earlier this year, according to Reuters. The cuts aim to simplify operations, reduce costs, and improve efficiency. Under CEO Enrique Lores, PayPal is streamlining its organisation and modernising its technology. The company expects to save around $400 million by the end of 2026, though it will incur significant restructuring charges in the second half of the year. Recent results offer encouragement. In the second quarter, total payment volume rose 9% to $486.4 billion, whilst revenue increased 3% on a currency-neutral basis to $8.68 billion. Adjusted earnings reached $1.38 per share, exceeding expectations. PayPal raised its full-year adjusted earnings forecast to approximately $5.38 per share.
PayPal is laying off 251 employees at its San Jose headquarters, effective 30 October, according to a notice filed with California employment regulators. The cuts primarily affect technology and product roles, including 42 senior software engineers and 18 managers of software engineering. The redundancies follow a broader global restructuring announced in April, when PayPal reorganised into three business units and appointed a chief AI transformation officer. The company is implementing a multiyear plan to reengineer its technology infrastructure and reduce operating costs. PayPal has also eliminated positions internationally, cutting approximately 220 jobs in India, 164 roles in Ireland, and dozens in Israel. The company employed around 23,800 people globally at the end of 2025, including 9,600 in the United States.
PayPal cuts 220 India jobs as part restructuring plan announced earlier. Paypal(Photo: Reuters) PayPal has cut roughly 220 jobs in India as part of the payments firm's broader, multi-year turnaround plan laid out earlier this year, a person familiar with the matter told Reuters on Thursday. Here are some more details: - "The recent staffing changes are part of our previously announced multi-year transformation to simplify our global operations, strengthen execution, and position the company for long-term growth," a PayPal spokesperson said in an emailed statement. - The firm has outlined extensive cost-saving measures this year under newly appointed CEO, Enrique Lores, as it seeks to sharpen its competitive position in the crowded payments market. - PayPal has set a target of achieving $400 million in cost savings by year-end and at least $1.5 billion over the next two to three years. - Among the initiatives are plans to reduce organizational layers, improve productivity and integrate AI and automation across the business. - It joins a growing list of U.S. companies that have announced job cuts this year. - The rise of fintech rivals and big-tech players such as Apple and Google in payments has chipped away at PayPal's market share in recent years, weighing on its stock. The company's shares are down roughly 82% from its 2021 record high. - In its latest earnings report, PayPal raised its full-year profit forecast after quarterly results topped Wall Street expectations. - The turnaround initiatives come against a backdrop of takeover speculation around the company. - Reuters reported in July, citing sources, that a consortium including payments company Stripe and private equity firm Advent had made a $53 billion offer to buy PayPal. - The suitors are no longer pursuing the deal, according to media reports in late August. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Michael Burry trimmed his position in Veeva Systems after the stock nearly doubled in roughly 10 weeks. The investor reduced his holding to around 3% of his portfolio whilst maintaining exposure to potential upside. Veeva surged 89% from a June low of $150.39 to $285 by late August. The catalyst was the company's Q2 fiscal 2027 earnings, which beat expectations across all metrics. Revenue grew 18% year-over-year to $928 million, exceeding the $905 million consensus. Adjusted earnings per share came in at $2.35 versus $2.22 expected. Burry described the move as "playing with the house's money" on a position he continues to favour. The trim represents disciplined position management rather than a bearish call on Veeva's prospects.
PayPal has eliminated jobs this week as part of a previously announced cost reduction plan. Employees across various divisions, including a 22-year veteran director in the Braintree unit and managers in buy now, pay later services, posted on LinkedIn about their departures. A company spokesperson confirmed the cuts are part of a multi-year transformation announced in May to simplify global operations and position the company for long-term growth. PayPal declined to specify the number or percentage of employees affected. The redundancies follow reports that a potential sale to Stripe and Advent International won't proceed. Reuters reported in July that the buyers were willing to pay $53 billion for the San Jose-based payments company.