It says over the next 2 years but still. How are you supposed to have any job security like this? I'd been expecting it given how strongly they've recently been pushing metrics leadership can see. And still I'm frustrated and annoyed. It's almost worse that it's "over the next two years" because now I have to start applying elsewhere because I just don't even know if I'm safe or not.
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By the time this old CEO gets to any layoffs we will need another 20%. Could this guy move any slower?
They should layoff 20% now and another 20% next year or there won’t be a PayPal. Sad but true.
What a pathetic layoff by this spineless board! The company could easily lose 1/3 of its employees given the management bloat from prior acquisitions. The board should be first to go for their horrible performance.
I think that’s exactly what they’re hoping for- the threat of layoffs will push people out that they won’t backfill. If not enough people leave, then they will cut to make their targets.
There's a news article on MSN with the title "PayPal to cut 20% of staff amid turnaround push" where I got this from, feel free to look there for more info.
8 to 10% global cuts expected to be announced in June/July 2026. Remaining 10 to 12% expected due to attrition with AI being introduced and where necessary, smaller cuts.
Where you getting next two years info?
Where was this announcement made ?