I've read an article today that asks if the recent layoffs are a bad omen for PayPal stock. Are you kidding me with that? I've barely seen layoffs mentioned anywhere in the news, and yet here they are but only in relation to the stock and shareholders and how it will affect them. Who gives a sh-t about employees who lost their livelihood, right? This whole system is completely screwed up...
1 reply
That's tone from the top. I mean just recently they revealed what Dan Schulman's 2021 salary package was and that it was a 37% increase from 2020. Meanwhile they averaged a 1% raise for employees that year despite record revenue from the pandemic. Everything they've done to employees the last few years was just poor leadership. Even now their layoffs are based on advice from a consulting firm staffed with entry level workers from Ivy league college who never had real life experience that have consistently provided poor advice. The leadership at PayPal is awful and they don't care at all about employees.