Thread regarding PayPal layoffs

Lack of innovation

I've been here long enough to remember when we were the innovators. We set the trends. We made the products everyone wanted. Now we just make slight variations to the same old products. We spend more time on office politics than on new ideas. And we wonder why we're losing users.


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| 14 views | | 8 replies (last 7 days ago) | Reply
Post ID: @OP+1kvngstaz

8 replies (most recent on top)

@z0 which deadweight are you referring to? Alex Chriss and Isabel Cruz made it their mission to dump old timers from Schulman’s era. If you’re referring to deadweight hired under Isabel and Alex in the tune of over 50 SVPs and hundreds of VPs then I agree.

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Post ID: @16n+1kvngstaz

Don't sweat it. This company's leadership is crawling with d-e-a-d weight from the old guard.

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Post ID: @z0+1kvngstaz

Can you believe the Wallet project with so many resources consumed has been delayed for almost a year now? By the time it actually launches, we'll have completely missed the boat. People were literally asking about it during the All Hands, but the China VP/CTO(Hui Wu)'s response was a total joke. This old man needs to retire already.

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Post ID: @xy+1kvngstaz

These layoffs are taking forever. I know Enrique said 3 months but this is brutal. Are they just hoping people leave on their own so they don’t pay severance?

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Post ID: @m1+1kvngstaz

I’m so sick of watching the share price go down. You work your a** off and just watch the C suite sit and do nothing. Why was Alex fired for Enrique? I’m not sure if this was ever fully explained to me.

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Post ID: @k4+1kvngstaz

Yeah, but this will all be changed by a 60 year old man who ran a failed printer company!!! Go Enrique!!!

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Post ID: @jk+1kvngstaz

and still is... let's address the brand new "Elephant in the room" statue, choose your design... like what...

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Post ID: @da+1kvngstaz

I absolutely agree... nothing to add or rectify, in all these years the focus was clearly put elsewhere

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Post ID: @ae+1kvngstaz

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