is Paypal going down? heard a lot of layoffs are happening there.

New RNBLF
Aug 16 34 Comments

still no news in the media houses.

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TOP 34 Comments
  • eBay nikkuh
    It will soon happen.. we took the hit after breakup and now it's their turn. Life is a circle dude, in that winner will lose and loser will win.
    Aug 16 5
    • PayPal / Eng
      Ohgu

      PayPal Eng

      PRE
      Intel Corporation
      Ohgumore
      Burning smell is coming 🤣
      Aug 16
    • PayPal codestar
      Why so much hatred bro ? It wasn't our decision to break up
      Aug 17
    • PayPal wknu08
      Yes it was very well PayPal's decision to breakup.
      And we did the right thing... But now if we don't keep doing the right things and indulge just in political benefits then the company would break!!!
      Aug 17
    • PayPal jcOC77
      You “took the hit” because you haven’t innovated, dumbass
      Aug 21
    • Amazon UniCRONJob
      ^Neither did you PayPal. I'm ex Paypal and rightfully so. Fuck PayPal.
      Aug 22
  • PayPal
    BayAreaFun

    PayPal

    PRE
    Facebook, Netflix
    BayAreaFunmore
    PayPal will be fine as a company.

    The best thing they did was drop they dead weight of a company eBay. They’re old news, especially with all the competing platforms. They were great when they were the exclusive “deal” site, but not you can get cheaper pricing across amazon and other smaller retailers.

    Layoffs are coming first week of September. Confirmed. Marketing ops/marketing org will be affected. Credit might be grazed as well.

    The PMs and lower level marketing managers are going to be let go. They introduced this new Kanban system that literally replaces the need for PMs and ops. A lot of the credit senior mktg managers are so happy. Their speed to market/ live to site yikes are incredibly reduced.
    Aug 17 3
    • PayPal wknu08
      Nice info. Wasn't aware of Kanban...
      Aug 18
    • PayPal
      MLewinsky

      PayPal

      PRE
      Facebook, Netflix
      MLewinskymore
      This is all legit info. I’m in Credit and can confirm this.
      Aug 18
    • New / Other msNw51
      Um kanban doesn't replace PMs if anything it requires them...
      Sep 4
  • PayPal / Ops
    PayPalCEO

    PayPal Ops

    PRE
    Microsoft, Google
    BIO
    "'"'''/* *\;}`|ฯ©´·]]¥¥¬μ€,;;#,"''""'
    PayPalCEOmore
    Fake news... Layoffs are happening because of increased efficiencies as well as moving some jobs to India. Look at our earnings, continued growth although we were slightly under our target. Mobile payments pie is large and continues to grow year of year. With the acquisition of iZettle, other M&A's, and further partnerships underway... We're not slowing down!
    Aug 17 2
    • Amazon UniCRONJob
      You will lose to Stripe
      Aug 23
    • PayPal TNbp70
      You don’t understand the payments space 😂 Glad you left
      Sep 21
  • Expedia Group Atinlay69
    🙄
    Aug 16 2
    • Booking.com / Admin
      Баба Яга

      Booking.com Admin

      BIO
      🤬🤪🥴🥺🤫😜🤦‍♂️
      Баба Ягаmore
      🙄
      Aug 17
    • RackWare WdGfe4
      🙄
      Aug 17
  • PayPal / Eng krkn839
    Sorry to sound insensitive, but without improving our Eng teams the company cannot have the growth it desires. I am hoping for things to change so I won't have to tell my family "I made a poor choice joining PayPal and need to look for another job." Unfortunaly PayPal retained too much dead weight from it's eBay years, and unless they grow out of that culture they will need to make hard decisions. Unfortunately layoffs are their strategy of handling that, which I don't like anymore that you do.
    Aug 18 1
    • PayPal
      MLewinsky

      PayPal

      PRE
      Facebook, Netflix
      MLewinskymore
      That sounds much better. And I 100% agree with you. Wish you all the luck! And keep doing great stuff. Wish we had more people with your mentality at PayPal.
      Aug 18
  • PayPal / Eng krkn839
    Chill, only hiring is paused temporarily. No layoffs announced, and even if they happen it will be for the greater good. We are getting better new talent overall with each cycle of layoffs.
    Aug 17 1
    • PayPal
      MLewinsky

      PayPal

      PRE
      Facebook, Netflix
      MLewinskymore
      Again, must be nice to work with blinders.

      And technically there is no hiring freeze, we just hired a new person on our team. So... maybe think about that.

      Hope you get laid off so when you have to tell your family, you already have a great excuse. “It’s for the greater good. And we’ll get better talent!”
      Aug 18
  • The last layoff they had was on April 2019 but nothing lately.

    As per the data listed at 6figr.com

    Link: https://6figr.com/layoff/PayPal
    Aug 22 3
    • PayPal / Mktg
      MLewinsky

      PayPal Mktg

      PRE
      Facebook, Netflix
      MLewinskymore
      Well this is wrong, because layoffs happened in June.
      Aug 22
    • PayPal / Strategy Makai 🏝🏄
      It’s not wrong, this data comes from the WARN filings that companies must file with EDD
      Aug 27
    • PayPal wknu08
      Then this data is not reliable. Cause I know it happened in June too.
      Sep 5
  • PayPal placidly
    This is not a complete data. There are a lot more happened in UK, US locations other than Bay Area.
    Aug 27 0
  • PayPal / Product
    product@

    PayPal Product

    BIO
    I love apis
    product@more
    If you ask me PayPal would be better off if 25% of the people just leave we will be more focused and more revenue driven
    Aug 17 0
  • Oscar 🐨koala
    Their P/E is way too high.
    Aug 16 0
  • PayPal rfAk00
    Stop spreading rumors. All is well.
    Aug 17 1
    • PayPal
      MLewinsky

      PayPal

      PRE
      Facebook, Netflix
      MLewinskymore
      Lolol. Like a mule with blinders.
      Aug 18
  • PayPal curtainX
    Haven't heard anything yet. Which position titles are usually eliminated? Marketing? Sales? Engineers?
    Aug 17 0
  • New / Product https418
    There was a huge marketing sales re-org a little while ago and lots of folks were eliminated.
    Aug 17 0
  • Inkling Systems bayareagg1
    Source ? or fake news ?
    Aug 16 0
  • PayPal / Eng kirakKohli
    🍿
    Aug 16 0
  • Booking.com / Admin
    Баба Яга

    Booking.com Admin

    BIO
    🤬🤪🥴🥺🤫😜🤦‍♂️
    Баба Ягаmore
    Are they laying off engineers as well?
    Aug 16 0

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