Thread regarding PayPal layoffs

Severance for NA

10 weeks of pay.
1 additional week of pay for every year of tenure above 5 years.
6 months of Cobra Heathcare.
AIP (for those who qualified).
Lose unvested stock.

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| 1651 views | | 7 replies (last February 3, 2024) | Reply
Post ID: @OP+1qSeJBmP

7 replies (most recent on top)

Thats an awful package.

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Post ID: @1oeh+1qSeJBmP

Does anyone know if it was the same situation for invested stock in previous rounds of layoffs. The rumor mill had me believing that folks had all their stock vested instantly..

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Post ID: @xiu+1qSeJBmP

Is the 1 week per year of service capped?

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Post ID: @lmo+1qSeJBmP

0 - 5 years = 10 weeks of pay.
Each year over 5 adds another week of pay.

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Post ID: @zqi+1qSeJBmP

Wait so if you’ve been here 5 years how much do you get?

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Post ID: @mph+1qSeJBmP

that sounds like the same amount of weeks they gave last time i m asking someone who got let go in 2022 hey good thing in the US you get some of the best unemployment insurance in the world

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Post ID: @egu+1qSeJBmP

Omg!

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Post ID: @fut+1qSeJBmP

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