Massive layoff in PayPal yesterday

Mar 6 26 Comments

Massive layoff happened at PayPal. Did see lots of security in work area for exit assistance.

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TOP 26 Comments
    • Last year it was eBay going on a ruthless streak and nows it's paypal
      Mar 6
  • Amazon / Consultant MagnumPI
    Every day we get a topic like this. Bubble finally burst?
    Mar 6 2
    • OP
      You never know. Bigger layoff is yet to come.
      Mar 6
    • New / Design Yesterday-
      Not likely. This happens every year around this time. Dumb business tactic to keep the books positive and look good to the board.
      Mar 6
  • Amazon HouseBezos
    Payments space is fucked with crypto around the corner.

    Also fuck PayPal.
    Mar 15 0
  • Apple OFOM41
    Do you know if it’s mostly engineers, business people, some other dept or a mix of everyone?
    Mar 6 0
  • Activision Blizzard others
    How many peeps
    Mar 6 3
    • OP
      I guess 5-10%
      Mar 6
    • PayPal RightRight
      350+ people
      Mar 6
    • PayPal MehW54
      Is this a guess or based on knowledge? Across globe or at one or few locations?
      Mar 6
  • Intuit hesdbi
    Sorry to hear... what’s the layoff package?
    Mar 6 2
    • PayPal QEql38
      Different location has different severance, some up till April, some June
      Mar 6
    • Intuit hesdbi
      But your years of service should add 2 weeks per year, right?
      Mar 6
  • Lockheed Martin / Eng
    zVdH

    Lockheed Martin Eng

    PRE
    Lockheed Martin
    BIO
    Communications engineer
    zVdHmore
    What’s the reason?
    Mar 6 2
    • OP
      They mentioned reorganization
      Mar 6
    • Lockheed Martin / Eng
      zVdH

      Lockheed Martin Eng

      PRE
      Lockheed Martin
      BIO
      Communications engineer
      zVdHmore
      Ah ok
      Mar 6
  • Salesforce Stanford2
    Which location?
    Mar 6 1
  • New / Eng sparked
    Casualty count?

    More or less than the Hindenburg?
    Mar 6 1
  • Google Goodfellow
    Which site
    Mar 6 1
  • Paypal is on a firing spree!

    Better to jump ships asap.

    Legit layoff data source here: https://6figr.com/layoff/PayPal
    Aug 22 0
  • Inkling Systems bayareagg1
    Tried to google this but no article showed up. Can anybody share more info ?
    Mar 12 0
  • Visa uAoe08
    So sad, even Visa had Product layoff last week. What’s the Severance package? payroll till?
    Mar 6 0

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