Any rumors for layoffs in Ireland this coming year or what do people think. Top management moving on or been pushed on makes ya wonder what is happening.
Seems like Irish employees are expensive to get rid of with rules around payouts so maybe safe.
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@8f3 credit, I'll give to Xmas, before planning my escape, such a toxic environment..
@7mf which department in this and in what country. I would assume there will be some layoffs in the coming months.
I know alot of people who want to move on but I feel maybe they just don't want to pay people to leave anymore.
Is it really worth holding on for?
Any rumours at all? Head of department has gone, so has half of department, being outsourced, moving teams every few months... Any one hear anything in relation to redundancies, just feel they will avoid redundancy at all costs
I'm not 1ne but as mentioned already, paypal has booked 95 million usd for severance packages within the next 2 years. This could equal over 2000 roles so lots of layoffs are 100% on the way but as to when this will happen is speculation. As someone mentioned here, once the funds have been booked, layoffs typically happen within 1 to 2 quarters so early 2026 could be right.
@1ne how do you know that there is a big layoff coming in Q1 2026, are you just speculating or do you have concrete evidence? I know the tech world always does there layoffs in Q1 but I feel you are just saying this because you think it.
Big one planned for Q1 2026. Now will there have other smaller ones all along and also make it small in Q1 2026 - not sure. However there is a big one on the books 10-15% impact.
Please God let this happen sooner rather than later! I would love redundancy in the next 2 years, fingers crossed
95 million has already been booked for severance. Historically, once the money has been booked, layoffs happen within 1-2 quarters. This means we could see a mass layoff by the end of the year. 95 million could easily equate to 2000+ roles globally. This could include the recent layoffs. All speculation of course but based on past trends.
which top management in Ireland is being pushed out?
@OP well 100 million is being put aside for restructure globally over the next few years, as they role out ai more they will need people less. So I believe it's coming.