Curious what severance is…Any thoughts?

I have heard from several sources that 4,000 employees are being let go on Monday. Take it with a grain of salt because this is all a game of telephone posted on another thread by @br+1m10yw24n Has anyone else heard the same?

Honestly they couldn't organise a pi-s up in a brewery at this point Who in their right state of mind advises employees that the coming weeks were going to be very difficult and then absolute radio silence from that point on Has the man got... — read more 

I have confirmation sales was laid off, obviously from someone in sales, and I have access to tables confirming it. This is going to be a long, slow roll, folks. We shouldn’t panic. This is likely a BU at a time.

I noticed they took down a post where someone saw Advent employees on site in SJ

…that you work for a company that wouldn’t p1ss on you if you were on fire. A company that thinks it’s fine to have an all hands that unambiguously states that RIFs are happening in the next few weeks, even puts it in writing in a recap email, then... — read more 

Another day of no communication coming up. I seriously wonder what this guy does every day.

Arrow up for the 28th, arrow down for the 31s. Let's count.

That's it, that's the post. This itself is inhumane. Imagine the psychological damage to thousands of people. Horrible.

It’s like a microcosm in here and a good analysis of human psychology. I’ve noticed that the longer this drags out, the more stressed people become, and in turn, the more they turn on each other with nastiness. It’s no wonder that “the people” can... — read more 

At this point, its literally mental abuse. How I am supposed to work if I don’t know what I am doing is even relevant if I get laid off. This is so frustrating

I'd like to finally move on, one way or another.

Seeing chatter that people across the globe in India and apac are getting business update invitations - any truth to this?

It be your boss that's laid off, or you yourself

Is it happening on 25th or are these again baseless rumours like 18th. Although got to know from HR that it will happen in phases and the first batch of layoff will definitely be in August.

Another day, more stressing. I hate this place.

How about elsewhere?

Well, here we are. Last week of August. If anyone is affected this week, or hears of other people/departments/regions affected, let's post it here and use this thread to keep each other in the loop. Good luck everyone, whether you want to be made... — read more 

Do you think tomorrow is the day? I’m so tired of being anxious all the time. I’m having nightmares of getting laid off at nights. It’s draining my soul.

I'm so tired of being expected every few months to take on even more work because people have been cut and their work has to be done. I can't do anymore than I already do. I won't. They can fire me if they won't, but I literally can't take any more... — read more 

Everyone is so concerned about layoffs but yet we have hidden job listings for h1bs https://www.jobs.now/jobs/629312737-staff-software-engineer-ref-17-6831

do you mean friday 8/28? or monday 8/31? several people are saying monday. any information on severance? number of people? this is not the end. layoffs will continue to happen over the next 2-3 years

Weird price action with the stock today. Is Enrique actually about to say something? Seems like the buyout or layoffs got leaked to Wall Street.

I can't prove it but it's what I think. When Alex was brought on as CEO, everyone was like WTF this guy is at best an EVP at PayPal and definitely not CEO material. Enrique joined the board in 2021. When it came time to hire Alex, every board member... — read more 

I was in a meeting. The VP confirmed that it will happen by the end of August. No more details.

🤫

The last month or two my motivation has been on the floor — and I can see the same in every single department here in Ireland. The uncertainty is harder to deal with than the news itself would be. Just tell us. I'm hoping PayPal will have the... — read more 

Does anyone actually know when they will layoff? Alot of you said it was 18th but looks like it was all fake. This is so frustrating.

We just had some work taken away I don’t want to say more or will be identifiable. My team is losing their sh-t when tension was already high. F this noise and everything about this job market.

Game - How much can you cut before you break it? Oops. we broke it

What happens with CWs who have like 6 months left on contract? My understanding is that contracts are more or less pre paid to the contracting firm so how would this work…?

What time do you think layoffs will start on Tues AM?

Last week slack had 26,800+

Time to look for a new job!

just a rant: kind of difficult to take in that we could potentially be laid off. A bit harder to take in especially since I joined 5 months ago as an early career new grad. Had to move across the country without relocation assistance only to be on... — read more 

Anyone else have recurring Monday meetings canceled with no reason given? Probably coincidence, maybe not coincidence. US-NYC