PayPal RTO? Happening anytime soon?
Have a recruiter screening at PayPal for a remote job (it doesn't actually have a physical office listed in the posting). I am in LCOL so no PayPal office nearby, not looking to relocate... I am not counting the eggs before they are hatched but also want to have some expectations right on my end... PayPal blinders, two questions 1) how do you see remote at PayPal? seems like a long term bet? or seems like RTO is likely to happen? My current company is big on remote/hybrid to capitalize on the current market, it's a large company but don't want to name it to avoid ID :) 2) haven't heard of PayPal layoffs? Are you guys cool? Thanks! #paypal #rto #tech
Hope not
For now there are no plans to RTO. Regarding layoffs, one round is already done in feb/March.
I think there is push to return a few days per week but there are so many of us that are fully remote and in critical roles that I assume there will be a lot of exceptions. Rather than rely on your recruiter for this insight I would ask the hiring manager about their view on future of work and location etc - we are pretty stable despite getting a new CEO.
Some pushes in certain offices but nothing official yet from what I can remember. FWIW I’m SJ based but hired fully remote and don’t plan to move across the country to RTO.
1) we have a fairly decentralized workforce. It would be incredibly disruptive if we decided to RTO for everybody. Could always happen under new leadership, but if it did, a ton of people would be in the same situation. So my guess is if it happens, it would have to be very gradual. I’m remote, not near an office and would be fucked if they RTO. And I feel safe. 2) we had 7% RIF a couple months ago. No idea if another round is coming. Blinders think there is another round this year, but blinders always think there’s another round coming. My own uninformed opinion is we’re done with layoffs at least until a new ceo.
Until our new CEO
Yeah, good luck reopening all the offices that were closed, new CEO! Have fun adding those enormous expenses to the balance sheet and justifying it to our investors / stakeholders at earnings calls! There's literally no data pointing to employees being less productive at home. In fact, internal data only points to it being positive.
If cutting down real estate is how we are making money and convincing investors/ shareholders . I’d say quit payment processing and get into real estate brokerage .
Thank you all for your context!
I don’t believe RTO will be required. Many people are full remote with no office nearby, and even in places like Austin where we have an office, it’s too small for all the Austin employees to work all at once. I think we will keep “virtual flex” for the long term. *edit online =office
THIS💯 Can say the same for India
A lot of offices were closed, and many employees are fully remote. I do not foresee a return to office.
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