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
Will this truly last for a few weeks?
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
Where will all the laid off people go? 300K Laid off in Last 12 months or so?
Who's going to employe these folks?
Which Groups are Affected the Most
I see a 330 platform group post below, that's bad.
60 days and H1-B Visa
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: 330 Engineers Laid Off
Platform Org was hit today, 330 engineers were laid off...
Which groups will be the most impacted?
There is so little transparency in this company.
It is official now
Buckle up! https://www.marketwatch.com/story/paypal-to-lay-off-7-of-employees-as-part-of-cost-cutting-push-11675192862 PayPal Holdings Inc. plans to lay off about 7% of its staff as it continues with broader efforts to reduce costs. Chief... — read more
2000 layoffs
PayPal just announced they will be laying off 2000 employees (7% of full time workforce) in the coming weeks
Any media coverage?
Who's covering the cut? Is it for real?
Layoffs happening now
No info on how many today, yet.
Almost nothing to do
I would rather be overwhelmed than have nothing to do. That's never a good sign. Anyone else having this problem?
More layoffs at PayPal
I've been hearing rumors of even more layoffs coming to PayPal in the next few months. I'm not sure there are enough of us left to lay off, to be honest, but this is PayPal and nothing would surprise me anymore. If the rumors are true, can anybody... — read more
Hiring has continued
I take this as good news. If we're hiring once again, that means layoffs are less likely.
I am petrified of layoffs
I am worried that I may be one of the tech layoffs. It has been extremely hard for me to find another job, since my working experience is so short. I have been looking for a new job for months now, but without any luck. I have been applying to... — read more
What’s the update on layoffs?
Dan made it seem like a massive layoff was on the horizon. Any update?
Layoffs outside US
Any news on layoffs outside of the US, particularly emerging markets e.g. PayPal Japan?
Severance
Just curious, what have the severance packages looked like for employees that have been there 10+ years?
How many more will be laid off after today?
I'm expecting the worst regarding the earnings call so I'm fully prepared for the C-suite to go nuclear over it. I swear if things don't improve soon, there'll be no more PayPal within a couple of years. You can't improve results by cutting people... — read more
Can you offer to get laid off?
Can you offer to get laid off? Who should I go to? How to approach this safely? I don’t want to go to my manager for sure.
My guess is it'll continue next week
Too few people were laid off for the top brass to be satisfied. I'm betting you they're going to try and fly a few of these smaller rounds under the radar before the earnings call on 11/03 and then we'll be faced with the brunt of it. This is just... — read more
Layoffs this week
Heard layoffs in Srce PMO this week . Anyone knows the count and why it’s not in news yet ?
Aaron K management is absurdly terrible
Will he replace Dan? They keep moving teams under him but he seems to have owned the worst departments. The last AUP thing was his idea, how can they continue to keep him around?
PayPal apologizes for policy notice saying users could face $2,500 fines for misinformation
People are tired of being LIED TO PAYPAL. What is entertaining is that you brought this on to yourself. Paypal can't blame anyone else for their actions @PayPal actions have consequences Paypal. ... — read more
Would you ever nominate PayPal as “best places to work”?
For the life of me, I can't figure out how PayPal is among America's best employers according to Forbes. Even if we disregard constant layoffs, this place has very little to offer and it expects too much from us all the time. Who makes these... — read more
Elliot’s Impact?
Anybody have any guesses as to what Elliot is going to do next? Force a board seat, remove Dan, more layoffs? It’s eerily quiet now, given all that must be going on behind the proverbial curtain.
Are layoffs done for a while?
Or have you heard any whispers?
The Minions move up
Looks like favorites get promoted once again. Keep promoting unqualified minions and ruin the department even more.
AIP bonus in layoff?
Anyone get theirs? AIP bonus runs from Jan 1- December.
A lot needs to change here
It's become very difficult to work here. I am literally drained. I love my job, but lately I have neither the focus nor the motivation to do anything more than the minimum. Does anyone expect some positive changes to happen here or is looking... — read more
I Hate This Company
I absolutely cannot stand this company anymore. This has to be the most depressing place I've ever worked at now. Everyone seems stressed, overworked, sad, and just confused on what to do, how to do it, and even if they should. The constant threat of... — read more
Unvested Restricted Stock Units
Anyone manage to get them included in their severance or did you lose them?
Searching for better opportunities
I am almost certain that there are very few people here who are not looking for something better. The job market is not hot and I can't get an offer at the moment. It depresses me a bit, but I still hope that I will be lucky enough to leave here... — read more
I can’t take it anymore
The horrendous management of these redundancies and the thought of more is like psychological torture. How can you be productive when the sword of Damocles is constantly dangling over your head? Working for PayPal is like being in an abusive... — read more
I finally found a new job
I was laid off in June. I took a week off before I started looking for a new job. It was good to see plenty of available options when I did start applying. I landed a job that pays better than my old position at PayPal and from what I've seen so far... — read more
You've gotta be kidding me
According to an SEC filing, our new CFO coming from EA is gonna be paid, in salary/RSU/PSU/bonus, nearly $20 million over the next three years. Assuming this site allows links, see page three: https://seekingalpha.com/filings/pdf/15985914 750k... — read more
$900 Million in cost cutting measures which include layoffs
$900 Million in cost cutting measures which include layoffs Google it and read all about it.
Anyone know when ...
Anyone know when the venmo and amazon integration is going to be completed? What's the current project deadline?
Great disconnect
All of us are witnesses to a big disconnect between leadership and the company. But I'm interested in what you think caused this disconnection in the first place?