Enrique Lores joined from HP with some clear goals to achieve. He's starting to put his plans into action. PayPal’s made no secret of its re-invention ambitions to thrive in the age of AI, where no ...

PayPal is pitching an AI-led turnaround, tying automation and restructuring to $1.5 billion in savings as it cuts jobs and works to modernize its tech stack.

Major job cuts: PayPal will eliminate 4,760 positions, about 20% of staff, over two to three years to fund a $1.5 billion AI transformation. CEO’s AI vision: Enrique Lores plans to modernize PayPal’s ...

PayPal is one of the original giants of fintech – with over 430 million customer accounts across more than 200 markets – and it powers roughly a quarter of the world’s e-commerce transactions. Yet ...

President and CEO Enrique Lores outlined a broad operational and technology reset for the payments company at Bernstein’s 46th Annual Strategic Decisions Conference, saying the company has substantial ...

PayPal CEO Enrique Lores has unveiled a plan to "become a technology company again" by aggressively adopting AI, modernizing its tech stack, and reorganizing operations. The strategy includes forming ...

Two months into the job, PayPal Holdings Inc. president and chief executive Enrique Lores appears to harbor no illusions about the sprawling payments company’s position. “We need to make significant ...