I heard today that more layoffs are going to happen on Monday. Has anyone heard this too?
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The only thing this company makes nowadays is rumors and excuses. No wonder the stock is trading at all time lows. Enrique is a bigger failure than Alex.
@ng I think your figures and dates are incorrect. I am in a consultation with 94 other people and our consultation ends on the 7th October ( we are all being laid off bar a couple who got other roles) so if they announced 164 a large part of that 90 odd leave next week so 32 is way off
That is what PayPal told the Irish Govt at 31/08.
A collective redundancy notification was filed with the Department of Enterprise on August 28, 2026, with formal announcements on August 31, 2026, and consultations running from October 7 to October 21, 2026.
So yea Risk will be hit this week in Ireland, at least 130 Jobs still to go, they announced 164 and 32 have been informed so far.
The week of the 5th last year had layoffs for risk. Fact. This year dunno, I would say the same again but whether it's this week or next I have no idea and have no concrete evidence to say they will for sure. I can only conclude that if you bring in a consultant firm your looking to make cuts but stay in line with required laws and regs.
@b6 unless the 6 weeks was already in process when staff was informed about it...
Nobody knows what’s going on
Why is HR always spared
The townhall is usually the week after earnings. And earnings is on Oct 27. So it could just be that.
Good. I hope it’s half the company. The stock performance is dreadful.
Town Hall pushed out by a month is very suspicious indeed.
@a5 I hope so, I had enough after 8 years, and would be in time for X-mass, at least in my location as it takes 8 weeks to go through redundancies. Payday is next Friday, usually it starts the Monday after that.
@a5 if it is, it would be mid Oct, end of October. That's the 6 weeks + that we were told. Yet, we don't know if it would be affected.
Risk should be getting hit soon, town hall got delayed as well?