I've heard more layoffs were announced at the start of the week, does anybody have more info on what happened?
Topics regarding layoffs at PayPal
This is what I’ve been waiting for! The transition to crypto was so obvious but the rumours are now fully confirmed. PayPal announced entry into the cryptocurrency market by early 2021. It's very quiet on this forum but I would like someone to talk... — read more
PayPal knew in September 2018 that it was going to lay-off Hunt Valley MD in June 2019
CEO said stay at home if sick, but not encouraged generally... Is this still the case?
I don't plan to stay here a day longer in 2020 than I have to...
Any word? Next week is an all hands, management has meetings all this week and next week... some very long meetings... plus with Bonus season coming up in Feb/March PayPal has been known to get rid of people before having to pay them out in... — read more
Constant layoffs, lousy pay, worse benefits... If there is a positive side to working at PayPal, I don't know it.
I heard HR was hit the other week with layoffs all the way up through leadership. I am a manager and lost my really great recruiter! I was finally getting the level of support I needed from HR only to have it taken away again. I know that there... — read more
WHen can we expect more?
Layoffs are the new normal at PayPal. We can all kiss job security goodbye and embrace our new reality - which means always be prepared for the worse. Send out resumes, contact your friends or former colleagues in other companies...have some kind of... — read more
Looks like Layoffs in Timonium, New York and San Jose. Sounds like all those "new roles" were anything but transparent.
PayPal is the top hated company - which probably means we are losing customers left and right. No wonder we need to find ways to make up for lost revenue (and with our management, of course the solution will be layoffs instead of something that will... — read more
Had anyone heard if there's going to be layoffs in the Nebraska segment?
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
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.