Heard that PayPal is doing some targeted layoffs starting today (Tuesday 1/31). If you get a vague meeting invite for today, you now know why. Good luck and hope y’all make it out ok. #tech #paypal Edit - like for visibility boost so people will become aware 👍
Didnt Paypal had some layoffs 2-3 months back? Can someone from Paypal confirm ? :(
See above from someone in PayPal — 💯 true I don’t waste time by spreading false rumors.
PayPal has small rolling layoffs all year, so that’s probably true.
I have got this "vague" meeting invite. As you said looks very likely to be layoff mail.
Sorry bro/sis It is definitely bad news. Be strong - you got this
Is this about an important team meeting?
So they are going to lay people off in a mass call?
At least they get a goodbye 1: 1 before laid off...
There was no goodbye 1:1. Done through pre recorded video call
Damn that’s some cruel up in the air shit
Yep, just got an official email from Dan. Appr. 2000 full time employees
2000?that's huge. Didn't realize PayPal gets so big now.
Plus all contractors
I got laid off. Live teams meeting. From checkout org
Will it be done by this week or two or propogate over months ?
Today/tomorrow for all notifications — of course some local laws (in Asia for ex) could make the process last longer - but what I heard is that people will be notified. You might stay longer in payroll to accommodate local laws
@OP - how confident are you that today would be the last round of notifications. Also are you a PayPal employee? I'm surprised how you had info on the layoffs a few hours before they happened.
I literally joined PayPal yesterday. I’m scared. Have the emails been sent already?
On my team we just went through layoffs in November, and are now hiring presumably to get talent from FAANG. You’re most likely safe if you were just recently hired. Just do your best and keep your head down. Good luck 👍
I got laid off as well, package tracking org. What really frustrates me is that our org was in good health just 1-2 weeks ago, so I guess this is coming from much higher above.
😕