PayPal's Existential Crisis PayPal's once mighty status is facing a reckoning of its own making, and a sale to Stripe and Advent may be the only way out.
Since his arrival as CEO in March, Enrique Lores has been trying to turn the ship around.
His plan involves splitting the business into three operating models, shedding 20% of the workforce through cost cutting measures, and refocusing on becoming a "technology company again.