It seems like there is a huge layoff in PayPal and some teams are given option to move to Austin. Laid off teams are given 2 months notice. #layoff
Are engineers affected?
Yes
Even Paypal sending people to Austin?
Define huge?
8’’ ?
Size Queen alert ^
When did this happen?
Hold your horses, it is not yet clear how big it is. Only one org seemed to have done some layoffs so far. But we will see if they follow in other orgs.
Can you say which org was this please?
TPX and DPX so far confirmed.
What’s the severance pay? Is it across region.
From what I'm hearing it's 1 month of pay for every year. They are letting some stay until March vest.
Are the layoffs over?
No. Just beginning.
PayPal is doing the best results ever but the greed is corrupting it’s executives. They only think in rationalization and $$$. No customer obsession at all. Layoff in SJC to hire low cost resources in Bangalore. Fact.
Also fact: PayPal is laying off low performers, of which there are plenty here. I suspect there will be no SJC office for PayPal in 2 years
Even Dell moved a lot of jobs to India and laid off a lot US citizens here in Bay area
So what was the final count?
Ouch