Thread regarding PayPal layoffs

22 replies (most recent on top)

@2xg trust me days time

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Post ID: @3hs+1kgzj6cw4

@2ve anytime now matter of days

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Post ID: @3hr+1kgzj6cw4

@2zp if BOARD-RES-2026-02-R412414 is a thing in public SEC or similar findings, there should be a link

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Post ID: @30k+1kgzj6cw4

Unfortunately, the board approved it… it’s coming - BOARD-RES-2026-02-R412414... those who know, will know.

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Post ID: @2zp+1kgzj6cw4

@2v0 source?!!!

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Post ID: @2xg+1kgzj6cw4

Evidence?

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Post ID: @2ve+1kgzj6cw4

There is a massive layoff coming in the next 2 to 3 weeks

Could be sooner

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Post ID: @2v0+1kgzj6cw4

FTE # is still dropping…

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Post ID: @279+1kgzj6cw4

@ff 55 less today

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Post ID: @19c+1kgzj6cw4

Any layoffs in Canada tech ?

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Post ID: @pm+1kgzj6cw4

Location Strategy strikes again.

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Post ID: @kz+1kgzj6cw4

we are hiring!!! cool

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Post ID: @j7+1kgzj6cw4

@ff The number actually went up lol

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Post ID: @fm+1kgzj6cw4

How bad was the layoff? Current global announcement Slack channel has 27,447. Don’t know remember the numbers before. Was it mainly Guatemala or other locations as well ?

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Post ID: @ff+1kgzj6cw4

Many people from US also got impacted. Esp the PMOs

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Post ID: @ej+1kgzj6cw4

Few directors and PMOs impacted in US

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Post ID: @ee+1kgzj6cw4

Use the Slack global-announcements channel to track the numbers as accounts get disabled

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Post ID: @dx+1kgzj6cw4

Layoffs happening today. A part of security services affected in Guatemala.

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Post ID: @ds+1kgzj6cw4

Well they announced the restructuring plan last year with 95 million set aside for severance packages over the next couple years so yes, layoffs are expected. Mass layoffs like before? Who knows. More layoffs in addition to those under this new leadership? Possibly but again, noone knows. This company su-ks a$$ and it's only getting worse.

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Post ID: @cp+1kgzj6cw4

definitely given Lores track records. He is a one trick pony only knows how to do surgical operation internally but no strategic skills to grow top line and expand.

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Post ID: @be+1kgzj6cw4

Those figures are bogus. Saving $1.3 billion by laying off about 2000 employees? Not sure what kind of salaries you guys are on but I am nowhere near those numbers. .

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Post ID: @aj+1kgzj6cw4

The 2023 layoffs, which affected about 7% of staff, contributed to approximately $900 million in cost savings in 2022 and an additional $1.3 billion in 2023, for a total of $2.2 billion in savings.

Alex Chriss’s total compensation in 2024 was approximately $6.66 million, representing about 0.3% of the savings generated.

Layoffs are due... LOL

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Post ID: @a8+1kgzj6cw4

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