AI layoffs this week: May 4, 2026 – May 10, 2026

The largest event of the week was PayPal, with 4,760 roles cut (On its May 5 Q1 earnings call PayPal said it would cut about 20% of its workforce over two to three years — reported as north of 4,500 roles (secondary sources put it at ~4,760 of ~23,800) — as part of a reorganization targeting at least $1.5bn in annualized savings. CEO Enrique Lores framed it as removing layers from the organization while standing up an 'AI transformation and simplification' team and adding AI-enabled processes; the company says it is 'becoming a technology company again'. Logged mixed: AI/automation plus de-layering and cost savings.). Across the week, cuts touched finance, technology.

Every figure below links to its company timeline and public source. Attribution labels follow the methodology.