#PayPal is winding down its venture arm, #PayPalVentures, as part of a broader corporate #restructuring under new CEO #EnriqueLores. The venture team, established in 2016, has seen its headcount shrink significantly and is exploring potential #sales of its positions. This move comes after the previous CEO’s departure and amid efforts to refocus the company on its core business and achieve significant cost savings. https://fortune.com/2026/06/16/paypal-ventures-wind-down-corporate-restructuring-enrique-lores/?Pirates.BZ #Pirates #Tech #Startup #News