The Zhitong Finance App observed that in this US stock earnings season, one of the hot topics investors continue to focus on is why technology companies are making large-scale layoffs at this moment. PayPal (PYPL.US), a leader in online wallets and digital payments in the US, has cut more than 2,000 employees, reduced management positions by more than a quarter, and raised its full-year adjusted earnings per share forecast to approximately $5.60. The picture commonly seen by investors seems to be — under the frenzy of AI agents focusing on efficient agent-based AI workflows, companies have begun to use cutting-edge AI technology to reduce management levels and use AI for customer service, etc., which has been accompanied by an improvement in profit margins.

The Zhitong Finance App observed that in this US stock earnings season, one of the hot topics investors continue to focus on is why technology companies are making large-scale layoffs at this moment. PayPal (PYPL.US), a leader in online wallets and digital payments in the US, has cut more than 2,000 employees, reduced management positions by more than a quarter, and raised its full-year adjusted earnings per share forecast to approximately $5.60. The picture commonly seen by investors seems to be — under the frenzy of AI agents focusing on efficient agent-based AI workflows, companies have begun to use cutting-edge AI technology to reduce management levels and use AI for customer service, etc., which has been accompanied by an improvement in profit margins.