PayPal is set to undergo significant restructuring, planning to cut approximately 20% of its workforce, which translates to over 4,500 jobs, as part of a strategy to save $1.5 billion. This decision comes under the leadership of new CEO Enrique Lores, who aims to strengthen the company's financial position and reset its growth trajectory. Lores has initiated changes across key business units, focusing on simplifying operations and modernizing technology. Despite these efforts, analysts have raised concerns about ongoing growth challenges, indicating that the current strategies may not adequately address short-term pressures. While the first-quarter results showed mixed performance, with Venmo experiencing a 14% rise in payment volume, the core checkout business continues to face competition. PayPal has maintained its full-year guidance, anticipating either a slight decline or modest improvement in earnings compared to the previous year.