It'll be a true layoff bloodbath. I really, really hope it doesn't happen.
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@j2 your statement is only correct if your documents include an acceleration clause that’s actually triggered by the buyout; it is not automatically true in all buyouts.
I mean if there is a buyout then those RSUs are going to vest very quickly ;-)
Who gives a sh1t really
@dw thinks he's getting a raise. Thats hilarious. Mass exodus? People won't leave just because paypal has been bought out. If people were going to leave they would have done it by now. Paypal su-ks and we all know it. If anything being taken over by a company like stripe might be a bit of light at the end of a tunnel. I dont think it would be any worse than it is now. Certainly wouldn't get my hopes up about a raise either. If they have to pay out 40 billion to acquire paypal, I don't think they'll be handing out raises to whoever asks.
Private Equity could also be interested in spinoffs.
There were rumors of some selloff of different business units a few years back.
@dw .... you don’t understand — to them, you’re just a number that can be easily replaced. “Experience” doesn’t really mean much to the company. You’re simply an employee who costs more to keep, and that makes you a likely target for future layoffs.
Is it common to have to re-interview for your current position if there is a buyout? If it's a bigger company like Amazon that acquire, can I ask for a raise right away? I figure they might be afraid of a mass Exodus and would like to pay extra to keep experienced workers?
Alex was probably throw the last throw of the dice to revive it, and the new CEO is the get it ready for a procurement
@av It’s more likely that a private equity firm would take over rather than a long-term strategic buyer. A private equity firm typically buys a company with the goal of improving profitability over a defined period before selling it on. For staff, that often translates into tighter KPIs, closer performance monitoring, stricter cost controls, and more structured processes. There can be a stronger focus on measurable output, efficiency, and accountability across all teams.
You are describing a leveraged buyout. If PayPal undergoes an LBO it would be the largest in history.
A rival company acquiring the whole company would be an antitrust nightmare. Visa couldn't even acquire Plaid.
They've said a major rival is interested in acquiring the whole business so that doesnt sound like a private equity firm to me. I think we're all fu<ked regardless of how this goes.
My two cents on this - i have a feeling we'll be acquired by a private equity company - this is so hush hush right now, but there were two separate PE firm visits last year, so this may mean something. i am guessing and i have no insider info but this would make sense. if this plays out, we will truly be sc--wed as PE is brutal when it comes to headcount. we'll also amass so much debt we will not be able to recover (PE takes on debt to pay themselves for the $$$ they invested into the company). so PE will grab the debt money, get the shares basically for free, will lower the spend (layoffs & lower investment) and will sell us again. I may be wrong but this is my gut feeling