Waiting around for layoffs you know are coming is way more stressful than just getting it over with. Dragging it out helps no one, just make the call so we can move on.
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My two cents, still possibility they could do something before earnings on 4th but in past layoffs were timed so an announcement could be made for investors. The purpose of layoffs is to show how PayPal plans to reduce operating costs thereby improve future EPS.
With that said, they might just tell a story in earnings that the new Pay For Performance will drive future reductions of low performers there by driving up productivity. Watch for this in earnings call.
The business outcome is not doing layoffs for sake of layoffs, its considering 2025 priorities and how either reducing headcount or pivoting workforce will have positive impact.
Unfortunately, does not take into consideration the Yiddish proverb “Man plans, and God laughs”