Does anyone know any more information about the upcoming mass layoffs? When? Where?

I've been hearing that PayPal is planning to reduce the severance being offered with future layoffs. As far as I understand it, people who were laid off previously found the severance fair - so why mess with it? Does anybody know if this is true?... —  read more 

Currently hearing more and more talks about next Tuesday. Sounds like the only thing the CMO is good at it renaming departments and getting rid of people.

That's it for now

The all site gone

Are we sure PayPal is done with layoffs for now? Can we relax or will there be more next week?

Marketing teams(s) affected.

Shouldn't something be happening this month?

As if the past few months haven't been bad enough, now I'm hearing there might be more layoffs sometime in May. People are talking at the office, and since last time that happened we really did have layoffs, I'm now getting all worked up over it all... —  read more 

This might be helpful, especially if you want resources on how to improve your severance by negotiating collectively https://medium.com/@TeamCoworker/so-youve-just-been-let-go-a354af7473c7

About 100 people in Hunt Valley today got laid off. So we know that Hunt Valley got hit yesterday, anything else? I haven't heard of any more layoffs today, so I'm going to assume that whatever they wanted to do, they did it all yesterday. Unless I'm... —  read more 

https://www.mercurynews.com/2019/03/27/tech-layoffs-to-top-1000-in-bay-area-by-late-may-state-reports-show/

I don't work at PayPal, but my brother does, and he has seemed really nervous every time I talked to him in the last couple of weeks. I have a feeling he thinks layoffs are not done - which according to everything I've managed to find online is not... —  read more 

Since we know more layoffs are coming this month, is there any way to determine if they'll take place sometime this week or next week? More worrying is the last thing we need right now, especially so soon since the last round of layoffs. Hopefully... —  read more 

They have run out of ideas and what was once innovative is now holding the company back. But it is the leaders that should change. Firing staff like this wont do any good and will only shift the same work around to be handled by the existing staff... —  read more 

450 planned layoff in March ?? Why when economy is doing good?

All I remember is seeing old faces who had stolen ideas to the patent office.

Impact on productivity depend on team and company. Unless those laid off did nothing all day, there will be some impact. Good companies avoid frequent layoffs. it hurts the culture, hurts the morale, hurts the people laid off and hurts the people... —  read more 

Layoffs are extremely expensive. At a minimum productivity is set back by a quarter, worst case you lose a year in productivity difference because teams are dealing with the fallout. Next comes the hit in morale and loyalty, those are very difficult... —  read more 

Once a company starts with cost cutting through layoffs, that usually turns into a first response solution for any problems that might arise - whether they warrant it or not... I don't think PayPal will be any different. I think all of us here can... —  read more 

This is really sad.. unfortunately only engineers on the ground get impacted who are building stuff and making impact. Horrible leaders are not impacted. Over the years PayPal has become a place of a-- licking leadership.. they just ensure they don't... —  read more 

We know more layoffs are coming in a week or two, but any ideas on which positions will be affected? I really hate they didn't do it all at once. What's the point in prolonging it for several weeks? Why leave us stressing and guessing for days or... —  read more 

Laid off last year. Severance was good. I hope they did not change it. Good luck all.

Paypal layoff might continue through march

Any PayPal locations in the US hearing anything about more layoffs?

Majority of people who were laid off by PayPal yesterday are people in their late forties and up who have been with the company for at least fifteen years - those who receive higher pay because they earned it. Can somebody explain to me how is this... —  read more 

There are at least 8 people from PayPal credit Timonium got laid off about more than a week ago. There might be more coming due to the sale of the product to Synchrony Financial.

I was at PayPal when they split off from eBay back in 2015. They sent out mails leading into it telling everyone their jobs were safe, no worries, there wouldn’t be anything more than title changes. The weeks after the split were a bloodbath with... —  read more 

PayPal is laying off folks at the La Vista office. They did not give the number, but they did confirm layoffs as part of restructuring. Anybody else really tired of how restructuring has become this nice, non-threatening word for layoffs they keep... —  read more 

Paypal is laying off an enormous ammount of employees in the arizona office including the vice president, directors, group leaders and entire teams. This was posted today in another thread, can anybody confirm it? If true, it seems PayPal is far from... —  read more 

Source: http://www.bizjournals.com/sanjose/news/2017/05/30/exclusive-paypal-layoffs-target-leadership.html A number of senior employees and longtime company veterans are quietly being shed from PayPal Holdings as the San Jose-based company completes... —  read more 

Heard of 3 layoffs in Austin office just now. What's going on? More coming?

Layoffs will continue, nothing else to add here. Good times are over and we lost any reasonable sense of direction. —  read more 

PayPal has begun it's annual layoffs again and this time they are starting all the way from the top with SVPs , Senior Directors to the bottom of the barrel.