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 entire groups getting laid off with little/no warning. It wasn’t at all uncommon to see entire teams walking out with those sh--ty boxes. Saying their goodbyes just outside the front doors. People’s badges not working when they show up. One guy was talking about being thankful he got in the building after seeing folks stuck outside....until he couldn’t login to his machine. Started packing up immediately.
It was nuts.