Today seems to be calm as well, although the day did just start. Is it safe to think that we're finally done? At least for now, I am well aware that more will be coming at some point down the line. But I could really use some time to recharge since... — read more
I didn't get laid off but I'm going to quit
I must admit they had a great idea that those who survive layoffs do more work, but that idea won't fly because this is not the only company I can work for. Do they think we should be grateful just to have a job? If leadership thinks survivors... — read more
I still hope to see improvements
These are hard times and I think for as long as I have been working here it's never been more stressful. Still, I hope that the company will somehow get back on track, although I'm not even sure if that's possible anymore. Most people are... — read more
I'm losing all motivation
The never-ending layoffs are stressing me out so much that I've started losing motivation to give it even my average, not to mention my all. Why would I? No matter how hard I work I can be laid off in a blink of an eye. I've seen it happen to some of... — read more
How's today looking?
Are we expecting more layoffs or no?
Number of employees affected by layoffs
I was lucky enough to find a new job and quit before a former colleague told me that layoffs are happening. Is it known how many people are cut? I feel very sorry for everyone affected, but if it's some consolation, I am so relieved, I feel like a... — read more
I'm enjoying my long weekend
There'll be plenty of time to worry in the coming weeks and months. I'm determined not to let what's been happening to define my entire life and ruin the little free time I get throughout the year. I feel bad for those of you who can't stop stressing... — read more
Restructuring costs through 4th quarter
“The company now expects to incur an additional $100 million in restructuring charges this year, though the job cuts will ultimately help the firm save about $260 million a year in employee-related costs, PayPal said. “We are continuing to review... — read more
This shouldn't have happened
I feel bad for some of my now-former colleagues who were hit in this round. All of them are great people and hard workers. Some of them have been with PayPal for over a decade. None of them are looking forward to the job hunting part, since it's been... — read more
No such thing as job security
First of all, I am sorry for everyone affected and I hope you find a new job soon. One of the laid off is my friend who was sure he was safe. Why do some people here think their position is safer than other positions? Hasn’t it been confirmed... — read more
Layoffs expected to continue next week?
I've read in a few places that the layoffs are expected to last two weeks. What are the chances this is true? I hate the idea of having to wait the entire weekend not knowing if we're done or not. As if this hasn't been a stressful enough week as it... — read more
The media is picking it up now. Numbers are not mentioned
https://www.chicagobusiness.com/employment/paypal-layoffs-hit-chicago
They don't want the best anymore
A clear sign that a company is sinking is when it starts to get rid of its best employees. Why did they lay off the best people? I am very sorry for everyone who was affected, but I am sure that these people will fare better, and that in the long... — read more
I see multiple regulatory fines in their future
looking to save money? gut your entire risk department! Oops, looks like you failed to meet AML/CTF standards, enjoy your several years in a row of fines and audit failures!
Finally, relief!
Judging by my manager’s behavior, I knew something was brewing. I was terribly worried about being cut, and now that it has happened, I feel some weird kind of relief. No more stress, just a relief... Even if it's hard to find a new job, I'm glad... — read more
Prepare yourself
Bookmark your state's unemployment website on your personal device, if you haven't already. That way, if you get the news, you will at least have something within your control that you can do. Clear out any personal emails & paystubs, if you... — read more
Why is the news not out about the exact impact of lay off’s in the US. It still says 83 when there are so many of us impacted.
There are tons of news around lay offs and the exact employees impacted with other companies like Klarna, Netflix, Bolt etc. why is there no news about PayPal lay off’s? It says 83 which is not justified. The numbers should be out so that people can... — read more
Chandler office to close
Looks like the entire chandler office will close and be outsourced to the Philippines and other low cost jurisdictions.
I wouldn't be surprised to see more layoffs today
In the last few rounds, we usually had layoffs Tuesday through Thursday. That might not be the case this time, of course, and the poster below me could be right, but I don't plan to relax until the day is over. If I can ever again fully relax... — read more
Any word on ICA redundancies?
Just have a feeling ICA is next - over serviced and not giving the company bang for its buck
Did they draw names out of a hat?
This whole layoff seems very mismatched. I know several people with years of service to the company and are solid performers who were let go, while some truly garbage performers were left behind. It makes no sense and seems somewhat random. Are those... — read more
IP, Legal Ops and Ediscovery
Found out folks from San Jose, Chandler and Austin were let go. Yikes.
No, layoffs are not done
They will not be done any time soon. Maybe it'll be okay for a week or two or even a month but then we'll be hearing about more cuts. There is no more 'safe,' I wish people would understand that. The business strategy is to keep costs down through... — read more
Layoffs in Arizona
Weeks after the promise of not lying off employees, PayPal has lid off several employees from the Chandler office in Arizona. Based on employees I’ve spoken too, the employees being let go are primarily people of color and LGBTQ+ individual but has... — read more
May 2022 Job Cuts: Outsourcing US Jobs to Mexico City, Guatemala, Bangalore, and Shanghai
This layoff round affected entire departments, across multiple roles, as well as team and group leaders. If it were a few people here and there it's one thing. This is probably 95%+ of the US back office positions across at least San Jose... — read more
Layoffs today in Ireland
https://www.thejournal.ie/paypal-redundancies-dublin-dundalk-5772695-May2022/
U.S. Due Diligence layoffs 5/24/22
For the GFCCP Due Diligence team it appears the layoffs today impacted every U.S. based employee in both Chandler and Omaha including the senior manager, managers, senior investigators and investigators. The entire U.S. (and from the news articles it... — read more
Are layoffs finished for a while?
Anyone heard anything about any upcoming layoffs?
What did you get - Severance
Ok guys let’s compare and see if we got screwed in severance too. What did you get. Do you think it was fair? Also I don’t really get this “optional non-profit experience” option, can someone explain that.
anybody in brand risk impacted?
please share if you have any info. i've left in 2021. good luck all.
Seller Risk Layoffs Today
All of back office Seller Risk got it as well. Including Leaders, and Group Leader, both Omaha and Chandler. Same thing, generic meeting invite. Instant they came on, you know what was going down. Not allowed to speak, or type or anything. It was... — read more
group of GFCCP (financial crimes) laid off @930am 5/24/2022
Invited to a suspiciously generic meeting, hour block, with two GFCCP directors as the organizers. First person to show up on screen you could tell what was going down. PayPal axed us with zero warning, execution style. Unknown total.
Paypal interview style and WFH
What style of interview does PayPal do, is it scenario, actions, outcomes or something else? Also, is WFH full time an option?
So many layoffs
We've had a few rounds every year for the past three-four years at least and from what I can see the time between them is shrinking. Add to that the constant small cuts we keep hearing about that only affect a few people but keep happening all the... — read more
Please post May 2022 layoff updates in this thread.
Big layoffs are happening at PP today, please post severance info or any other detail in this thread.