#layoffrumor

SD just told me that on May 7th there will be a RIF and it will be 10% across all markets and bands, AI driven. I will be out on sort term for 60 days and wanted to know if I will have a job to come back to. My SD said I am good but their will be a 10% RIF on May 7th and a few co-workers might not make it so not to be alarmed when I come back. Good luck all, and May the force be with you all!

No emails, no notable departures, and now most thinking about it into next week. Poorly executed already. At least last year was done the next day. Typical step backwards.

I've heard so many different rumors that pieced together, it sounds massive. Anyone have anything more concrete?

Everything with WI is re-orging. I heard first week in May it’s announcing and paired with a RIF. Mostly affecting squad and chapter leaders.
OP: @b3+1kpv2g06d

Meta & Microsoft...USAA will for sure experience the similar situation especially in tech where it is so much shaky. Zero psychological safety the core Agile principle for success.

Stock down 25%

Are we going to have layoffs next week?

Maybe replace SP with AR. Our life insurance policy rebrand is driving the company to failure. Could make former frontier exec take AR’s place and save big $$$ that way instead of cutting heads. Could also cut marketing operations too, their headcount will save a few million $ annually.

Anyone know if WM Tx Will be hit with RIF next week?

what’s maryann talkin bout?? we’re making massive profits off of the war, i’d assume the company would be flush with cash. any layoffs or reorgs coming?

They had layoffs on March 19th, cutting just under 100 people, again yesterday April 23rd and rumor has it there will be another one on May 22nd. Under 100 means they don’t have to disclose anything and keep on going.

Therefore there is no need for layoffs.

We are safe.

No need to worry.

Is this actually happening, or just talk? Anyone have real info?

I've heard that rumor one too many times. After all this preparation, couldn't they just rip the bandage off in a day or two? Why leave us hanging for weeks? Haven't we had enough stress already?

Is it true there were layoffs today and more tomorrow?

Hearing a rumor that there will be layoffs and notifications beginning the first week of May. Any truth?

Senior Exec told me to look for role…
Anyone else hearing this?

Are 2026 layoffs continuing? I heard that most of IT support was let go. Truth? Who else was impacted? No WARN notices so all under the radar?

If you’re in the Permian as I am, don’t think it’s over. They’re setting up for the future, it won’t include us.

heard no rumours yet. still, all the public announcements made on the investor day last month seem pointing to layoffs for HQ thanks to f@#king AI. Need to lawyer up now?

1) Rumors site starts getting more and more input/traction.

2) Big news media start noting potential layoffs possibly leaked by Dan and or his communications team. This lessens the blow when they actually happen internally and also starts painting a picture to the market. (Dan just noted AI will result in 20-30% unemployment for companies

3) Teams notified to work from home a week prior to the layoffs.

4) During a payroll week, Mon/Tues for Senior Directors and Thursday for the rest. The expectation amongst many well connected is Thursday, May 7th. VPs and higher are probably Earnings week w NDA. Probably will be same 15 min script for those impacted starting around 9am. And then all hands for folks remaining around 11am.

What else trends are anticipated here?

Is it true we're the next tech company to have major layoffs? I've heard too many rumors to just ignore it.

Judging by who took on our debt and turned it into equity, I'm hoping the goal here could be to improve results rather than cut costs from the get go. I could be wrong, but we'll see, I guess.

Rumors are floating around that more layoffs will be at HQ. Especially in Data, Strategy, PMO and Engineering

This is for non-PayPal folks, if you are reading threads please skip. It is AI generated based on today's discussion, the summary is for Journalists and Social Posters so we can spread the word in a unified way. We cannot change what the execs are doing but we can still spread the word and at least have some people be aware of what's being done to the worker:

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## PayPal rumor digest - April 20-21

Consolidating what is being repeated across threads:

• This does not look isolated to one org or one country. Reports are pointing to US, APAC, EMEA, Ireland, and possibly Spain. Main threads: @OP+1kpnme7ft, @OP+1kppctqsc, @OP+1kppjaw72
• The main warning sign seems to be the "Important Business Update" invite: @OP+1kpnme7ft
• Specific claims from that thread include an entire team of 40 being let go @a2+1kpnme7ft, US remote meetings @a5+1kpnme7ft, and US hit with severance of 10-26 weeks @d1+1kpnme7ft
• Locations / orgs mentioned include NA MTS @a6+1kppctqsc, North America + APAC @aa+1kppctqsc, Crypto in Guatemala @aq+1kppctqsc, and Spain office activity @dn+1kpnme7ft
• Ireland keeps coming up via linked reporting and local process discussion: @c6+1kppctqsc, @a8+1kpnme7ft, @a9+1kpnme7ft, @105+1kp93ywqj, plus consultation process comments @b6+1kpnme7ft and @b9+1kpnme7ft
• On numbers, there is no consensus. Estimates range from 25-300 @ak+1kprdja02 to 5000+ @aj+1kprdja02, so take all headcount claims with caution
• General sentiment is that this is another round in an ongoing pattern, not a surprise one-off: @OP+1kprh0pdk

Hello, my name is Nitesh,

A friend told me that this is a good place to ask insiders about possible layoffs.

I received an offer from Qualcomm (in India) and I do not know if I should accept it. Some of my friends at Oracle were laid off and I do not want to suffer the same way.

Thanks for any information in advance.

Did we hear anything new on potential May cuts? Or has that rumor been debunked?

If it's true there will be a round next week.

Is it true?

Any ideas of what is coming? Anyone heard any more about HUB cities ?

Brace for impact.

Isn’t Care Week (what a joke) scheduled for next week? I keep hearing layoffs will be on 4/30. Wouldn’t it make more sense to have the layoffs this Thursday?

Is May 7th the next RIF?

Do we have any idea what's coming and when?

I don’t have the guts to quit, but if they did it for me, it would make the decision easy. That’s where I am right now.