Theres more chance of Jesus Christ reappearing on earth this week than there is of PayPal announcing layoffs
They are a bunch of absolute scaremongering sc-ms
Boycott them for life
10 replies (most recent on top)
Maybe we should try creating another 100 VP’s and Senior Leadership will get us out of this mess?
The OP has me in tears, thanks for the laughs in these ridiculous times
@bd No1 knows anything
It's all non stop bullsh-t rumors and guesses and still nothing has happened
I actually HATE this company now
Is there an idea of what orgs are getting hit or is it just everyone?
@ab get rid of the unnecessary VP roles and there are also major cuts in EMEA that are overdue
@ab wasn’t this all done by Alex? There were supposed to be more cuts by Alex so it’s not like Enrique came off the BOD’s blind.
Yeah boycott them. Good one.
What Enrique presented in the town hall on July 29
Simplified structure & alignment : optimize spans, layers and location of workforce
2026: optimize role ratios
2027: refine location strategies
2026-2027:
Simplified operating model
Reduce spans and layers across organizations
Total costs savings for 2026-2027: 20-30%
If I'm doing the math correctly, that's 1200-1800 roles in 2026 and 1500-2000 roles in 2027.
@a4 honestly it looks like nothing is happening
They are driving people out with all this bullsh-t to avoid costs
Sc-mbags
How big do you guys think this is going to be? Like 20%?