It seems the rumors where wrong, or PayPal is delayed. Should we not already be talking about the new Orgs and what the plan actually is? Instead it is silence. It almost seems that everyone is going to wait now for 3 years till the "transformation" is completed.
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EL is hands down the worst CEO in PayPal history. This guy has no plan and just hoping for a buyout but only lowball offers coming in. Meanwhile, we’re losing customers and shrinking margins and developing NOTHING.
@ce it's honestly a tactic been used to push people out with the sheer uncertainty and stress of the whole situation. Total radio silence from management creates an environment of psychological wear down which forces natural attrition.
The same management ignoring everyone will hopefully end up on the same chopping block. Let them see how it feels 🤬
@ap well there was incompetence for a long time before This year, but never silence
You guys are putting too much pressure on our CEO. Below is his track record at hp and he is exactly executing what he did at HP. Just read and see if the below plans looks familiar.
• The Action: In November 2022, following a post-pandemic slump in PC demand, Lores announced the "Future Ready Transformation plan". He ordered the elimination of 4,000 to 6,000 global jobs over a three-year period.
• The Execution: HP followed this up with aggressive execution. In early 2025 alone, Lores pushed out an additional 1,000 to 2,000 workers in a rapid workforce reduction cycle.
• The Goal: These actions were designed to squeeze out $1.4 billion in annual structural savings by the end of fiscal year 2025.
@a2 why do u think its strategy and not incompetence?
@a3 I agree, at some point someone thought you can swap experience for an SOP. We have now total chaos in Risk, but 27 SOP's and that's only for a small section in Risk.
Today was final day of consultation for employees affected in Ireland, essentially their last day. 2 weeks gardening leave then PILON. So much experience and knowledge being pushed out the door. To all those affected best of luck and success elsewhere. Paypals loss is another companies gain.
Just a matter of time before the next rounds is my thought. A company I once said I was proud to work for is no longer here. Just waiting out the storm like everyone else to see what comes next.
Communication from leaders on some updates would be welcome, but as we seen of late, they like to keep the employees in the dark or they really don't know what direction they are taking.
@OP The silence is strategy..you can be sure that there is something happening in the background that we are not privy to. If they were trying to grow, reorg and transform the business, they would be pushing metrics and delivering all the messaging to that effect..but no silence, which lead me to believe there is a merger or buyout proceeding in the background, we will soon find out.