Topics regarding layoffs at PayPal

Topics regarding layoffs at PayPal

Trying to leave without success

I sincerely hope that the job market will get better soon because I want to leave this place and I can't do that at the moment because the market is dismal. Anyone else stuck here because of bad market?

Are they done or is more for q2 coming

So last few hours of q1 left! You were very accurate in what you previously told me. Are they done with layoffs and closing places abroad? My heart can’t talk anymore Please say it’s all over Is there any more impact to risk in na and also... — read more 

Layoffs

Are they done yet? Haven’t heard of anyone laid off in the last few days it seems like we are all ok for now?

Ireland

Credit collections and vc leadership currently in India and lead agents flying over next week to get it up to speed, All focus and energy is going into india, it's just a matter of time for those of us in Ireland, just wish they'd get a move on, sick... — read more 

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| 1523 views | | 1 reply (March 16, 2023)
Post ID: @OP+1lEBs0Sx

All devs job posted now in India

Looks like I am going to be dismissed my job is listed below I am in USA https://paypal.eightfold.ai/careers?location=india&domain=paypal.com

Do those at the top have any idea what they're doing?

We've already lost a bunch of people, and now we're supposed to lay off more? Do those at the top have any idea what they're doing? We can't just go around cutting people left and right without thinking about how it's gonna affect the business. We... — read more 

Never McKinsey

Wherever you move after this, remember that the downfall of PayPal is the result of McKinsey's terrible direction and the ex-Amex executive team's mismanagement. McKinsey has a consistent track record of horrible consultation (cough, Enron). It is a... — read more 

When will we be able to say layoffs are done?

I hate living like this. I hate having to think about layoffs every day and worrying if I'll have a job to support my family a week from now. I have been trying to find a new job but so far I have been unsuccessful. I just need some time to not have... — read more 

Impacted by the layoffs...

even though you were an excellent employee? Anyone like that here? I still can't believe that my colleague got laid off, considering that he is the kind of employee that every good company would love to have on their team.

by
| 1280 views | | 2 replies (last February 24, 2023)
Post ID: @OP+1liw1lUR

Where do the jobs go

bangladesh Why. Annual salary is 3-4k IN US dollars and while the health care in the country's is crud its free. Even if PayPal doubled the annual salary and paid for better health care they can probably employ 4-5 people for my salary alone

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| 1790 views | | 4 replies (last February 20, 2023)
Post ID: @OP+1laovT2s

Any NA updates?

Specifically for Omaha or Remote AZ? Haven't heard or seen anything since last week. Wondering if we are in the clear.

by
| 1970 views | | 7 replies (last February 9, 2023)
Post ID: @OP+1l5K9g6I

EMEA

Any word when emea will get info? In Dublin have not heard anything yet and manager says they don’t know yet. When will we get told if we are going or if we are ok. I can’t think straight I’m so stressed

How many have been notified so far?

I think that the number of employees affected could be somewhat higher than what was stated in the announced layoff plan (2,000). Let's hope it won't be like that. Are there any guesses as to what percentage of the planned number has already been... — read more 

by
| 2130 views | | 3 replies (last February 3, 2023)
Post ID: @OP+1l0OMmhl

This is far from over

Don't think that once this round is over there'll be no more cuts. The economy is going downhill every day. The worst is yet to come and with that will come more cuts. I don't mean to fearmonger, but please don't become complacent and stop looking... — read more 

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| 2230 views | | 6 replies (last February 7, 2023)
Post ID: @OP+1l0wfCHk

Updated Layoff Info

As collected by word of mouth Scottsdale IT PayPal APFS Front Line Venmo New Hire Venmo Trainers Venmo Frontline TL Honey Frontline PayPal Engineers AS OF 2/2 4:45 MST Reported Severance: 0-6 months pay Resume build Carrer assistance 6 months... — read more 

Severance generosity

seeing how they timed it in a way to prevent affected employees’ shares from vesting I would be worried about the severances “generosity” too In the message shared by the CEO, it was promised that the company would provide impacted employees... — read more 

by
| 2160 views | | 2 replies (last February 3, 2023)
Post ID: @OP+1kZzghMV

Leak rumours

Any truth to the rumour that this wasn't supposed to announced until May this year but they had to release the statement early due to a leak?

by
| 1840 views | | 5 replies (last February 3, 2023)
Post ID: @OP+1kZlTLMG

A reason behind being selected for layoffs

This might be a stupid question, but I'm wondering if anybody was given a reason why they were selected to be laid off? If they don't offer the reason on their own, did anybody ask and get an answer? If I was affected, which didn't happen yet but... — read more 

2k is not realistic

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 

by
| 1900 views | | 4 replies (last February 3, 2023)
Post ID: @OP+1kYA6xWt

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 

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| 2050 views | | 5 replies (last February 1, 2023)
Post ID: @OP+1kYGQeVC

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 

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| 1790 views | | 7 replies (last February 24, 2024)
Post ID: @OP+1kXZeX18

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 

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| 1460 views | | 2 replies (last February 1, 2023)
Post ID: @OP+1kXmJJMs

2000 layoffs

PayPal just announced they will be laying off 2000 employees (7% of full time workforce) in the coming weeks

by
| 1290 views | | 1 reply (January 31, 2023)
Post ID: @OP+1kXLBEYN

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?

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| 2470 views | | 5 replies (last January 31, 2023)
Post ID: @OP+1kLLnjTi

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