This is for non-PayPal folks, if you are reading threads please skip. It is AI generated based on today's discussion, the summary is for Journalists and Social Posters so we can spread the word in a unified way. We cannot change what the execs are doing but we can still spread the word and at least have some people be aware of what's being done to the worker:
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## PayPal rumor digest - April 20-21
Consolidating what is being repeated across threads:
- This does not look isolated to one org or one country. Reports are pointing to US, APAC, EMEA, Ireland, and possibly Spain. Main threads:
@OP+1kpnme7ft,@OP+1kppctqsc,@OP+1kppjaw72 - The main warning sign seems to be the "Important Business Update" invite:
@OP+1kpnme7ft - Specific claims from that thread include an entire team of 40 being let go
@a2+1kpnme7ft, US remote meetings@a5+1kpnme7ft, and US hit with severance of 10-26 weeks@d1+1kpnme7ft - Locations / orgs mentioned include NA MTS
@a6+1kppctqsc, North America + APAC@aa+1kppctqsc, Crypto in Guatemala@aq+1kppctqsc, and Spain office activity@dn+1kpnme7ft - Ireland keeps coming up via linked reporting and local process discussion:
@c6+1kppctqsc,@a8+1kpnme7ft,@a9+1kpnme7ft,@105+1kp93ywqj, plus consultation process comments@b6+1kpnme7ftand@b9+1kpnme7ft - On numbers, there is no consensus. Estimates range from 25-300
@ak+1kprdja02to 5000+@aj+1kprdja02, so take all headcount claims with caution - General sentiment is that this is another round in an ongoing pattern, not a surprise one-off:
@OP+1kprh0pdk