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.
Are they laying off engineers as well?
Their P/E is way too high.
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Source ? or fake news ?
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
There was a huge marketing sales re-org a little while ago and lots of folks were eliminated.
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!
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.
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