PayPal Cuts Israeli AI Team Amid Global Restructuring, Sharpens AI Focus
PayPal is making significant cuts at its Tel Aviv development center, laying off approximately 70 employees, which represents nearly a quarter of its Israeli workforce. This move is part of a sweeping global restructuring plan announced earlier in 2026 by CEO Enrique Lores, aiming to streamline operations and aggressively pivot towards artificial intelligence. The Tel Aviv site is a critical hub for developing AI systems focused on real-time transaction analysis, fraud detection, and anti-money laundering efforts.












