Hearing all those rumors that layoffs will continue next week. Anyone know more? Let us know, especially if by a small chance rumors are not true.
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I spent 11 years at PayPal there were layoffs all 11 years either get comfortable with that uncertainty or GTFO it isn’t going to stop.
There layoffs happening always. Only the ones that are larger in number are reported about.
people are simply in denial. more will come. and many staying put due to the job market conditions out there.
It’s been difficult to distinguish what’s true and not these days. It seems like many of the rumblings on this website that people dismissed turned out to be true. There were some very large players let go this past week, and many others quitting. Random tasks are being thrown everywhere to teams with no skill to handle, even though mistakes could cost the company millions in fines.
This is the worst I’ve ever seen it and would not be surprised if more layoffs go into next week. Would have been gone long ago if it weren’t for the health insurance for a medical condition.
If there is another round of layoffs, it likely won’t be until late December. Most companies wait until late December to figure out who’s on the chopping block. Then they’ll fire them in January (after the Christmas holiday). For now, if you still have a job, I’d say you should be fine until next year.
With the new CEO costing the company more, it means there’s tighter margins to meet.