Unknown amount of full-time employees were sent an email at 8am Eastern, to attend an important organizational update at 1130am Eastern. Upon arrival all attendees were told they are being released effective at the end of the meeting and release paperwork would be sent to their personal email for any severance offered. All unvested stock grants are canceled (despite the company keeping employees on the books until Aug 11, severance date and our actual release date is July 11...last Friday)!? All workstation access was then immediately terminated at meeting end and that's that. Many people were working on key initiatives for the company which has undergone five (5) reorganizations in the past twelve (12) months. No warnings or notices.
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PayPal embarks on $300M restructuring -
https://finance.yahoo.com/news/paypal-embarks-300m-restructuring-104300348.html
The return address labels for the equipment had “Project Q” to an address in AZ.
They are avoiding regions where they have to pay out larger redundancies. EMEA would be the last to be hit as not all but a lot of the EU countries tend to have minimums when an employee is laid off. They will hit the ones they dont have to pay off or pay off very little. No doubt it will only get worse as AI gets better.
Could someone please clarify which regions were impacted the most?
I believe global corporations are firing most of the people located in the US. I could be wrong though.
I'm an employee of 5 years let go with a pre recorded message and zero human contact...it was humiliating
They will not. Everyone is bulshitting the next one up.
New leadership came in talking nonstop about wanting “fresh talent,” but there’s been significant voluntary turnover in 2025—even among the new people they brought in. Recently 7/14-7/15 layoffs that impacted people who were previously considered “key talent,” with no warning at all. Now I’m seeing the exact same jobs posted on LinkedIn. It feels like this goes beyond typical large-company churn. When even the “fresh talent” is leaving quickly, it seems like the real problem is leadership’s lack of direction, not the employees. Has anyone else experienced something like this? At what point do they finally admit the issue is at the top, not with the talent pool?
Sadly I think this will be more common going forward. Tech companies love of AI promises and cost cutting will probably lead to more layoffs. Not to mention Microsoft had a massive layoff not long ago and tech companies seem to be like lemmings when it comes to copying layoff patterns of one another.
I was impacted. Contractor with 10 months left.
This layoff affected my son.
Found this
https://x.com/thejobchick/status/1945164613445980296
https://x.com/thejobchick/status/1944969229964599501
https://x.com/thejobchick/status/1944880801864409132
People in Dublin also had conversation with HR over the day.
Happening in sales ennoblement in the EU too, meeting happening this morning
@aj Not yet. I’m wondering that myself.
@ah Any idea on how many were?
I was impacted. I'm was in the Scottsdale, AZ office.
@a8 Can you provide more info?
Sales impacted. Completely blindsided.
@OP What business areas/regions were impacted?
What region