I'm worried that we're in a calm before the storm right now. Does anybody know when we can expect more cuts?

https://www.reuters.com/business/finance/activist-investor-elliott-investment-management-dissolves-stake-paypal-2023-08-14/

Alex Chriss, the executive who runs the small business and self-employed group at Intuit, is the new CEO of PayPal, members of PayPal’s board announced Monday. Chriss will take over for PayPal’s longtime CEO Dan Schulman beginning Sept. 27. ... —  read more 

Can anyone confirm if there is any news of potential incoming layoffs? I haven't heard anything in months, just wanted to see if anyone else has. According to etrade news, the Braintree sector is not meeting expectations and that Apple pay is rising... —  read more 

I'm going to assume that layoffs everybody is talking about will be announced today during the earnings call. How much influence will the company results have on the number/timing of layoffs? Is it already decided or can it be adjusted depending on... —  read more 

I sincerely hope that the job market will get better soon because I want to leave this place and I can't do that at the moment because the market is dismal. Anyone else stuck here because of bad market?

So last few hours of q1 left! You were very accurate in what you previously told me. Are they done with layoffs and closing places abroad? My heart can’t talk anymore Please say it’s all over Is there any more impact to risk in na and also... —  read more 

Are they done yet? Haven’t heard of anyone laid off in the last few days it seems like we are all ok for now?

Credit collections and vc leadership currently in India and lead agents flying over next week to get it up to speed, All focus and energy is going into india, it's just a matter of time for those of us in Ireland, just wish they'd get a move on, sick... —  read more 

Looks like I am going to be dismissed my job is listed below I am in USA https://paypal.eightfold.ai/careers?location=india&domain=paypal.com

We've already lost a bunch of people, and now we're supposed to lay off more? Do those at the top have any idea what they're doing? We can't just go around cutting people left and right without thinking about how it's gonna affect the business. We... —  read more 

Wherever you move after this, remember that the downfall of PayPal is the result of McKinsey's terrible direction and the ex-Amex executive team's mismanagement. McKinsey has a consistent track record of horrible consultation (cough, Enron). It is a... —  read more 

They're the weakest link at PayPal.

I hate living like this. I hate having to think about layoffs every day and worrying if I'll have a job to support my family a week from now. I have been trying to find a new job but so far I have been unsuccessful. I just need some time to not have... —  read more 

What’s the news?

Title says all. With the loss of the US buildings I suspect no more US employees or gutted to a bare minimum.

Are they all gone? Any word?

Anyone knows anything? Any details etc..

even though you were an excellent employee? Anyone like that here? I still can't believe that my colleague got laid off, considering that he is the kind of employee that every good company would love to have on their team.

Just curious if there have been any new information on layoffs this week for NA omaha chandler.

bangladesh Why. Annual salary is 3-4k IN US dollars and while the health care in the country's is crud its free. Even if PayPal doubled the annual salary and paid for better health care they can probably employ 4-5 people for my salary alone

What is taking them that long???

No doubt this is to save face before Elliott Management booted him

Specifically for Omaha or Remote AZ? Haven't heard or seen anything since last week. Wondering if we are in the clear.

Any word when emea will get info? In Dublin have not heard anything yet and manager says they don’t know yet. When will we get told if we are going or if we are ok. I can’t think straight I’m so stressed

I think that the number of employees affected could be somewhat higher than what was stated in the announced layoff plan (2,000). Let's hope it won't be like that. Are there any guesses as to what percentage of the planned number has already been... —  read more 

Don't think that once this round is over there'll be no more cuts. The economy is going downhill every day. The worst is yet to come and with that will come more cuts. I don't mean to fearmonger, but please don't become complacent and stop looking... —  read more 

As collected by word of mouth Scottsdale IT PayPal APFS Front Line Venmo New Hire Venmo Trainers Venmo Frontline TL Honey Frontline PayPal Engineers AS OF 2/2 4:45 MST Reported Severance: 0-6 months pay Resume build Carrer assistance 6 months... —  read more 

seeing how they timed it in a way to prevent affected employees’ shares from vesting I would be worried about the severances “generosity” too In the message shared by the CEO, it was promised that the company would provide impacted employees... —  read more 

Any truth to the rumour that this wasn't supposed to announced until May this year but they had to release the statement early due to a leak?

This might be a stupid question, but I'm wondering if anybody was given a reason why they were selected to be laid off? If they don't offer the reason on their own, did anybody ask and get an answer? If I was affected, which didn't happen yet but... —  read more 

We did the same thing and look what's happening just a couple of years later. And it's not just us. Just look at Facebook, Amazon, and Microsoft. Apple hired reasonably and they're yet to have layoffs. Joining a company amid mass hiring is almost... —  read more 

That's too many considering how overworked everybody already is. If they were getting rid of useless management layers that'd be one thing but they're not. They never get rid of them. They're once again going to cut the people who do the actual... —  read more 

Why can't they lay off everybody in a day or two? Why do they have to make it last several weeks? That's weeks of unnecessary stress and anxiety. Is there any chance that the "several weeks" comment is in regards to people who are on vacation and the... —  read more 

Who's going to employe these folks?

I see a 330 platform group post below, that's bad.

I am currently on an H1-B visa and have a grace period of sixty days. I just had a quick question regarding whether or not the notice period is included in this grace period. Or does it include the grace period of sixty days after the termination of... —  read more 

Platform Org was hit today, 330 engineers were laid off...