Rant

Forgive my language here but with this new RTO policy, I’ve lost the last bit of respect for this company and the new leadership.

This is my rant, and called so for a reason.

Even removing the covid tailwinds, our revenue has been growing fairly consistently. Not sure how the new RTO policy is going to further enhance that.
The 30 mile radius is ingenuously d-mb without considering the local/global implications. I challenge Alex to go to office 15 miles daily in Bangalore or Guatemala traffic and report it back to id--ts at McKinsey who are providing these so called productivity hacks.
Attended 2 of those ways-we-work meetings and HRBPs seem equally clueless and flabbergasted at the questions being raised by 300+ folks. Seems like McKinsey and Alex left them to fend for themselves.
IMHO, with hiring of un-countable number of VPs and SVPs without any clear impact to show, this move seems like a tacit preparation to blame staff for under-performance and save senior management and leadership skin.
Carmine di Sibio who joined from EY has infamous ignominy of having to resign because of partner revolt. His failed idea to bifurcate the firm made him lose his job, thanks Jamie for throwing him a bone.
McKinsey is not golden.
There is a trojan horse sent by McKinsey.
We’re only going to make staff more disinterested with a forced mandate.

Comment! It's anonymous!

7 replies (most recent on top)

Entire DC staff was made remote for lack of office space. Maybe the person is referring to that.

To the person who posted that was made virtual even though living 10 minutes away from the office: Did you have to appeal it or what was the process or reason given to make you virtual?

I’m no director level, live within a 10 min drive to an office and was made 100% virtual. There may be conflicting narratives here.

It was also mentioned to me in a call and confirmed by HR, that all positions moving forward, unless Sr. Director or above will be tied to an office. That being said, if you are posting for a new role and are not near an office you will not be considered.

Look, these RTO mandates literally ONLY come from a company's leadership. Almost nobody in the trenches ever actually wants any of this. Folks like this don't know how to operate if they can't rub shoulders with everyone to make sure that the peons see them "working" - I swear it's gotta be an ego thing. However, they also know that in countries like India with serious employment issues, people will complain less and just go into the office so they can keep their job; leadership will be happy to force attrition with the more expensive workers in America who are likely to have options outside the company. PayPal outsourced most of IT to TCS, who is using mostly India contractors, who are paid absolute garbage, are working extremely long hours, and very often don't have the skillset necessary for positions. This is just bad for everyone that doesn't have the special "executive" severance package.

This saves PayPal tons of money in recouped RSUs (again, stock options are a scam, that's another rant) and no severance packages. Everyone is better off just leaving - if only leadership is left, shareholders will eat them alive.

Take care of yourselves first - if you have an out, take it.

Alex simply doesn't care about the employees, of course he will always tell you otherwise. Just don't believe a word of what he says.
He will do whatever it takes and lay off as many employees as needed to achieve his and the share holders objectives.

Agree with majority of what you said -

Just want to add, this policy is only applicable for levels below Director, so the intent is pretty clear. Totally unfair. Alex just turned out to be sheep in wolf’s clothing.

Thread regarding PayPal layoffs

Rant

7 replies (most recent on top)

Post a reply