PayPal CEO Enrique Lores Appoints AI Chief to Drive Cost Savings

PayPal CEO Enrique Lores is leveraging artificial intelligence as a key strategy for cost savings and operational efficiency. He appointed Anshu Bhardwaj, PayPal's new chief AI transformation officer, to lead the initiative aimed at achieving $1.5 billion in savings over two to three years through process redesign and automation.

By Lynne Marek Mon, June 1, 2026 at 1:42 PM GMT+3 3 min read · Yahoo Finance · June 1, 2026, 10:42 UTC

PayPal CEO Enrique Lores Appoints AI Chief to Drive Cost Savings

Tickers: $PYPL

Topics: AI cost savings organizational restructuring workforce reduction

Read the full article at Yahoo Finance

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