Seriously? Hiring his friends, paying them a LOT of $$$$ while thousands will lose their jobs.
“Transformation” = mass employee layoffs
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Has Dan mentioned the V-Team "family" yet? Because family doesn't ditch family when times are hard.
@11a what’s even more gutwrenching is that his friend Alfonso will be the one to conduct the next round of layoffs in Q1
Franz Paasche - Executive Vice President, Corporate Affairs - Hired date Nov 10.
Was Chief Corporate Affairs Officer at PayPal
Alfonso Villanueva - Executive Vice President, Chief Transformation Officer - Hired date Nov 20
was EVP of Strategy, Corporate Development and Data Science at PayPal
Today stock went down as much as 40.94.
Start date is November 20th. What a coincidence 🙃
It's the SOP right out of the hatchet man's handbook!!
To be fair, this is how it works everywhere. You cannot become an effective CEO without putting your own people in place.
He basically hired one of his PayPal friends to help lay us off. Nice.