Brace for impact

I was let go roughly six months ago. I thought it would be devastating, but instead, I felt like I could finally breathe again. Now I have a new job that's, if nothing else, ten times less stressful. It turned out okay for me, it will for you as... — read more 

As a long standing employee, I pinpointed the exact time and reason why we started going down hill and the main culprit was Dan Schulmann. Rather than using the post Covid high to become a fully fledged online bank competing with likes of JP Morgan... — read more 

A few weeks back I posted about recognizing a few Advent guys in the SJ office (and no they weren’t hanging out in the lobby). My post was taken down because I mentioned names. I don’t think they are done trying to buy us. Time will tell.

C’mon Lores….use your little knowledge of the English language to get a deal done to sell this pile of sh-t company. Or fire half the company. Either way I don’t care just doing something useful you waste of space.

https://finance.yahoo.com/markets/stocks/articles/paypal-cuts-around-600-jobs-102023231.html

Why aren’t we buying back our stock faster? We have so much cash and all time lows on our stock. We can basically take our company private in a few years at this rate.

That’s it? Does this mean we’re still in talks with Stripe because my understanding was some actual RIF’s in the thousands were coming.

Because all I have seen are Directors and below let go or impacted. But the ones that planned it out seem to still be here. The org chart looks like a broom now instead of a pyramid.

It appears as though HR and recruiting is mostly doing their best to protect their function. Make it make sense.

Yesterday's email from senior management has convinced me that they have absolutely no clue and are now racing full speed to a crash. There are thousands of people and their families whose livelihoods will be impacted by this. We are now seeing... — read more 

Reading that layoffs may be taking place in 6 weeks in other threads in GRM. Has anyone else heard this? Any indication of numbers, ORGs or locations?

Exactly what was your severance package. Including country, weeks of pay, stock, health insurance. Anything else….

Do they want us to quit to avoid the stress and anxiety? Is that what's behind all of these delays?

Each passing day reveals how out of touch and clueless the new CEO has become. I dread having to go a year or so under his leadership before the Board realizes another mistake and fires him while he walks away with $10’s of millions of dollars. Was... — read more 

I could not believe my eyes when I read the email yesterday from the leadership on new strategy. Dividing our markets into core, light and cross border will further weaken PP against Revolut outside US and Germany. And how long after Germans who... — read more 

Are they for real? I think they actually believe the bullsh-t they come out with. Redundancies are not even complete and they are telling us about a great Future.....no one cares anymore, not even the once forced to stay. Totally unprofessional

To the select few that are posting here about how great of a company PayPal is, you are on a mf layoff site and there were layoffs yesterday. Take your oddities (loving PayPal in 2026 is a bonafide oddity) to inkedIn or lind. This site is to help... — read more 

I think for US employees it is 2 months on payroll + 10weeks of pay + 6 months of insurance. Is that correct?

Hi All I am also waiting like many on decision about whether i will stay or be axed which will be decided in the next few weeks. My question is that in case i loose my job, will I be able to maintain my health insurance for the next 6 months post... — read more 

Ok, enough is enough. We have a great company and I’m not sure why investors can’t see this opportunity. Everyone on here talking about low price of stock and I agree, so I bought 200 shares today. I don’t get any stock comp so I have to buy but... — read more 

2018 Paypal awarded the Comparably Best Companies for Perks and Benefits. 2022 Ranked #1 by JUST Capital for supporting worker financial wellness and health.. 2026.. what award will PayPal win

164 employees are going to be laid off but many more have been informed that their job is at risk. This means a decision has to be made on who is staying and who is going. Do you have any insights as to which selection criteria is going to be used?

Enrique Lores has completely lost control of this company and it’s a complete train wreck with lower and lower output from employees. Everyone keeps talking about layoffs leading to sh-t productivity. Each day is worse than the one before.

How's that fair?

What is our leadership team and board doing? They have the worker communication and execution plan for layoffs. Supposedly there was some buyout attempt that seems to make our company look worse. The communication for future projects is murky and... — read more 

We were told no more CW in our team and Ai can help with manual work

Anyone in GFCCP/GI/Compliance affected? It seems a few in Risk and that was all? Seems a little worrisome and hence supports the rumors that there are additional layoffs to waterfall this week. Anyone have news from these departments?

With the stock price plummeting back to all time lows, will there be additional layoffs to cut expenses?

Any word from people in the UK?

I wish it was me. I really do. There's no way in he-l we'll be able to do all of our work without them unless we completely give up our personal lives. They think we're automatons who can keep doing more and more all the time. We're not. We're human... — read more 

Any team updates email. Today?

Good morning APAC folks anyone getting business update meeting this morning ?

Enrique is an engineer turned businessman. If you want to know how he treats his employees or his customers, just look at his track record. He's not a good guy, he's a good businessman. He uses all the financial levers at his disposal to increase... — read more 

I hope it’s really, really over today and no more roles are cut. Has anyone heard otherwise, though?

Was shocked to learn in some areas, the person running the layoff call was not from hr, but a Director forced to hold the call. Didn't even know who or how many laid off.