There are tons of news around lay offs and the exact employees impacted with other companies like Klarna, Netflix, Bolt etc. why is there no news about PayPal lay off’s? It says 83 which is not justified. The numbers should be out so that people can put a case that it was a mass lay off and it has nothing to do their performance
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The people let go got some severe NDAs with strong language. The ones remaining with a job don't dare say anything public.
There's a bloomberg article (paywall, https://www.bloomberg.com/news/articles/2022-05-26/paypal-begins-cutting-staff-as-push-to-reduce-costs-ramps-up) which does talk about the layoffs across the US but doesn't include Ireland for example:
"PayPal Holdings Inc. began laying off staffers who worked in risk management and operations this week as the firm seeks to shore up profits after growth in spending on its platform stagnated in recent quarters.
The company laid off dozens of staffers who worked in Chicago, Omaha, Nebraska and Chandler, Arizona, according to people familiar with the matter, who asked not to be identified discussing private information. PayPal this month also announced plans to permanently lay off more than 80 people in its headquarters in San Jose, California, according to filings with that state."
"The company now expects to incur an additional $100 million in restructuring charges this year, though the job cuts will ultimately help the firm save about $260 million a year in employee-related costs, PayPal said."
That 83 is wrong number. The actual layoff are much more than that .
i cant figure it out either its in the 1000s