Thread regarding PayPal layoffs

The Layoffs Started before this week

Several employees including myself were fired (not laid off) abruptly 2 weeks before Christmas. Most had been with the company for years & were top
performers & had no disciplinary record.

They basically wanted to have fewer people to have to pay for the lay off so of course the people who had been there longer would have gotten more in severance. (which of course we did not get)

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| 1561 views | | 7 replies (last February 7, 2024) | Reply
Post ID: @OP+1qSDlKPf

7 replies (most recent on top)

Exactly the last post, this is literally the fault of Dan and his incompetent team of yes men executives he stockpiled around himself. Stop blaming poor people and immigrants for the state of the world when anyone with half a brain can tell the price gouging we're experiencing is because of corporate greed. These executives make hundreds to thousands more than their employee's median wages, and for what? Look at the new CEOs background, what even makes him eligible for this role, board position, or salary? He, like most executives, are completely unqualified at truly running a business that is successful in caring about customers and employees. I would bet though that he's just as unethical and greedy and tossed out some bullsh-t buzz words like "AI" and now we have Dan 2.0 ready to fully tank what's barely left. Companies that layoff a certain percent annually should be required to forfeit executive pay. Additionally, something needs to be done about the growing wage gap between executives and employees. If only we didn't have an entire federal government (regardless of party) that was as corrupt as the companies that bought them.

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Post ID: @5ezs+1qSDlKPf

Shoutout to the unhinged person who thinks that layoffs are a result of the Democratic Party and not greedy companies trying to appease their shareholders by forcing the same work on fewer workers or hiring workers who will work for less.

Specifically, in PayPal’s case, Dan stagnated the company. He bought smaller companies and did nothing to integrate them. He stagnated our innovation. Stagnated our ability to remain at the forefront of the payments industry. And he, like John Rainey who sc--wed up before him, will get to walk away with a golden parachute and warm wishes.

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Post ID: @4ffu+1qSDlKPf

the reason is they dont need us anymore. Unions just mean an additional tax on top of our already low wages , of which the funds are directed to the democratic party which created the inflation and housing and immigrant crisis that is costing us our jobs in the first place.

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Post ID: @4bhu+1qSDlKPf

In a "right to work" sate (which is most states, since corporations run the USA and its political system), anyone can be fired at any time with no reason or severance required.
Without unions, employees are powerless.

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Post ID: @2nrm+1qSDlKPf

For not completing a Learn module by the due date. Even tho I had time off. Never got a warning or a reminder. Not annual compliance either. Just a random course.

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Post ID: @1rlz+1qSDlKPf

100% same exact thing happened to me. Fired week before Xmas for no reason. No corrective action whatsoever. Complete bs

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Post ID: @1meb+1qSDlKPf

Since you were fired, what was the reason they gave you, since they have to go through HR to separate?

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Post ID: @1mtf+1qSDlKPf

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