PayPal to cut nearly 25% of Israel workforce

PayPal is laying off more than 70 of its roughly 300 employees in Israel, primarily at its Tel Aviv development center, according to reports on the company's restructuring plans. The cuts are part of a broader global downsizing effort, with PayPal reportedly aiming to reduce its total workforce by about 20% worldwide — a figure that could amount to roughly 4,760 jobs based on the company's 2025 headcount. The Tel Aviv center has long been a key hub for PayPal's engineering and development operations, making the scale of these cuts notable for Israel's tech sector, which has already faced pressure from global economic headwinds and shifting investment patterns.