Any updates on the rumoured risk layoffs that supposed to be getting announced imminently.
Or was it all just bullsh-t rumors?
Do we think the amount of layoffs over the last few months amount to 400 million savings.
Next earnings call will be interesting 🤔
Highly unlikely the company will continue to pay additional gratuity as it is now moving forward for redundancies they must have burned 🔥 through all that money put aside for it 😳
Paypal risk was the benchmark for all fintechs and has now significantly deteriorated thanks to all the reorgs. Our loss has been gain of all our competitors. PayPal alumni have built risk function of Checkout, Stripe, Worldpay , Adyen and almost every fintech out there.
They said they want to reinvest the savings in automation. I guess they can say "we fired X and bought Y AI tokens"....lol