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PayPal Slashes Over 250 Bay Area Jobs

Payments company PayPal is implementing significant job cuts, impacting over 250 employees at its San Jose headquarters. These permanent layoffs are scheduled to take effect on October 30th. The affected positions are primarily within senior software engineering and engineering management roles. This reduction represents approximately 1% of PayPal's total global workforce. The company is reportedly undergoing a broader cost-reduction initiative.

San Jose, California

https://www.kron4.com/news/technology-ai/paypal-layoffs-payment-app-cuts-over-250-bay-area-jobs/


Get lean for thee not for Me

They have to cut at the bottom to keep creating new senior roles. Developers in my group get RIFd and more bloat gets added

'FIS is looking for a VP, Head of Program Management & Strategic Initiatives to join our Technology organization at FIS in Jacksonville, FL'.

'At FIS, we're looking for a VP of Technology Partnerships & Vendor Management'


9/24 rumor must be true

Just saw layoff codes via IT back in mid August and then multiple the last couple days. So the 30 to 45 day time frame was set into motion again like the last couple big layoffs going back to November 2025 is in play. I know Senior Leadership is meeting in-person this week. So timing for everything makes sense, Sr. Leaders are mapping out lists and numbers based on HR cuts this week. This gives them an overview of the current and future state, also allows for possible substitutions if they want to keep someone. Another red flag was an email saying don't talk outside VZ, this makes it obvious something is coming soon.


Menaul is closing. Who's next?

Honestly, I’m pi---d.

Today we found out our CEC is closing. A lot of us have spent YEARS here. We knew something was coming, hiring slowed down, positions stopped being backfilled, and our headcount kept dropping. But hearing that we’re actually closing still hits different.

Now we’re being moved into another CEC.

And that means our teams get combined, opportunities get smaller, and there are fewer admin, CM and Sr. Manager roles for us to move into.

Then you look at the store closures and the push toward “digital first.”

So much for Frontline First.

We’re constantly told not to worry and that every change is just “consolidation.”

But we’re the ones watching our teams get smaller and our options disappear.

Maybe this really is just one CEC.

But if you’re sitting in another CEC thinking this has nothing to do with you…

I’d be paying attention.

Because when they need fewer buildings, they need fewer people to fill them.

And I really hope I’m wrong about what comes next.


VZ to be landline only?

99 year leases on 1f to VZW.. frontier purchases. Selling dark fiber, how long before the wireless side is divested? Clearly they keep reducing non union employees numbers to make it a much more appealing sell and locking in the fiber leases secures revenue. The ducks are in a row


The next chapter of quality

Jeff Silverstri QA head is retiring. Thank you for trying to put quality first at BD. In spite of the messaging from above our commitment to quality is reflected by our too frequent recalls, FDA 483 and warnings letters. Head count reductions to QA and support staff. - the next guy in line will do just that, get in line. Cash in and cash out, platitudes and all.


Wells TH

It was confirmed that instead of "lumpy" layoffs every 4-5 years that they plan to reduce headcount yearly in a "less lumpy" and "more smooth way," whatever the he-l that means. There was a lot of time spent explaining this. Any other areas of the company confirm that they're still planning to reduce headcount every year?


More news

Oracle reportedly considering a new round of layoffs.

Business Insider says some teams at the company could be cut by double digit percentages.

The company reportedly wants to reduce head count by the beginning of September.

Oracle cut 21,000 jobs between the middle of 2025 and 2026. That was about 13% of its workforce.

The past this past March, the company told employees it would shed jobs as it faced investor pressure over raising debt for its A I build out.

https://vm.tiktok.com/ZN88FywkP/


4900 Layoffs?

I know the rumor mill runs strong, especially since there is zero transparency. read a comment here that said 4900 layoffs were this week.

But if "4 out of 5 Centeamers who will be leaving are part of the VSP", is true - that means what, almost 25,000 overall reduction in headcount?

there's no way this is right. if so, GOOD LORD.


T-Mobile USA generates revenue, spends CapEx, and lost the most jobs in DT Group

https://www.reuters.com/business/world-at-work/t-mobile-opens-india-tech-centre-hire-nearly-1000-by-2027-2026-06-04/
https://www.telekom.com/en/investor-relations/publications/financial-results
https://www.telekom.com/resource/blob/1106162/70f57261a19be3352c84ccbbd9f80dd7/dt-26q2-backup-data.pdf

DT Group Net Revenue First Half of 2026
T-Mobile USA: 65.7% of total revenue for the group
Germany: 21% of total revenue for the group

DT Group EBITA AL
T-Mobile USA: 67% of total EBITA AL
Germany: 23% of total EBITA AL

Capital Expenses: First Half of 2026
T-Mobile USA represents 60% of Capital Expenses for DT Group
Germany represents 21% of Capital Expenses for DT Group

DT Reduced Headcount Across the Group: US had greatest share of total coming in at 74% of all reductions
T-Mobile USA reduced headcount since Dec '25) by 4,671 (74% of total for DT Group)
Germany reduced headcount (since Dec '25) by 928 (14.8% of total for DT Group)


AEST-Manufacturing Engineering Headcount Reduction

We’ve heard rumors of domestic onsite engineering headcount reductions in favor of offshoring work to the KLTC and BTC. Finally heard a real number; a 40% to 50% reduction in onsite engineering at the manufacturing sites by ~2030. Already importing folks from KL and BTC to fill key business team rolls onsite. Soon XOM will be run from Malaysia and India. Prepare your resumes.


Portillo's Restructures Corporate Staff

Portillo's has implemented significant layoffs at its Oak Brook headquarters. The restaurant chain reduced its corporate and field management staff by 18%. This decision was described as a "strategic reset" by the company. The layoffs affected 140 employees at the corporate offices. The company cited lower sales across its restaurants as the reason for these cuts.

Oak Brook, Illinois

https://www.nbcchicago.com/news/local/portillos-announces-layoffs-at-suburban-headquarters/3971407/


Citibank Cuts Nearly 60 Jobs

Citibank has announced plans to lay off 59 employees in Hudson County. The company filed a WARN notice with the New Jersey Department of Labor and Workforce Development. These layoffs are scheduled to take effect on October 31. This follows several previous workforce reductions by Citibank in New Jersey this year. The affected jobs are primarily in corporate and regional office operations.

Hudson, New Jersey

https://www.northjersey.com/story/news/hudson/2026/08/05/citibank-layoffs-hudson-county-nj/91179071007/


Honestly, what’s the reason behind all these layoffs?

From our product team, almost everyone is gone except a tiny handful. The product is basically dead. I’m hearing bit cuts from other groups too, though not as extreme as ou

Is this just a headcount reduction exercise? If so, what happens to new product development or even basic maintenance? Do VP/SVP really think AI tools can replace entire teams, or have they just given up and started trimming ISG to make it look cleaner for a sale?

Anyone up in the food chain have any thoughts on this?


Layoff running totals based on Slack - August 2026

Tracking participants count #general Slack channel in Oracle One workspace, as the fastest available proxy indication of ongoing layoffs.

  • jul01-jul31: 2975 reductions, 1736 additions, 151101 (-1239) end count
  • jun01-jun30: 1723 reductions, 1299 additions, 152340 (-424) end count
  • may01-may31: 2271 reductions, 942 additions, 152764 (-1329) end count
  • apr01-apr30: 2286 reductions, 1583 additions, 154093 (-703) end count
  • mar01-mar31: 12446 reductions, 844 additions, 154796 (-11602) end count
  • feb01-feb28: 943 reductions, 1143 additions, 166398 (+200) end count
  • jan01-jan31: 1604 reductions, 1834 additions, 166198 (+230) end count
  • dec01-dec31: 1119 reductions, 844 additions, 165968 (-275) end count
  • nov01-nov30: 1614 reductions, 1310 additions, 166243 (-304) end count
  • oct01-oct31: 2498 reductions, 1768 additions, 166547 (-730) end count
  • sep02-sep30: 6380 reductions, 861 additions, 167277 (-5519) end count
  • aug14-sep01: 733 reductions (based on Slack very few data points), 172796 (-733) end count
  • aug01-aug14: ?2900 reductions in IDC (based on media reports), 173529 (-2900) end count

Limitations of these stats are covered in detail in comments.
I will post daily in comments on the count change and running current month total.

There is a troll trying to impersonate me and post fake Slack stats; protection measures are covered in the first comment.
My public key used to prove identity: ssh-ed25519 AAAAC3NzaC1lZDI1NTE5AAAAIPh3BL62QOGXk95TzS980uSckZd1M5YPGqouR0iHWumB slack-stats