PayPal says it’s ‘becoming a technology company again.’ That means AI.

PayPal says it wants to become a technology company again by modernizing its platform and pushing AI adoption across the business.

The company will reorganize into three segments and create an AI transformation and simplification team to boost efficiency.

It plans major layoffs and expects up to $1.5 billion in savings over the next two to three years.

The turnaround highlights how large tech firms are using automation to cut costs, reshape operations, and reduce headcount.