@b0 1400 would seem accurate. I am guessing it will be similar in 2027 and 2028... to pretty the company for sale. I think the board wants out and doesn't have any real turnaround plans, just paper cleanup to attract suitors. It will probably backfire if the stock retreats into the 40s.
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For some reason numbers appear to be fairly small.
the 25364 down from 2609(guess) looks like about 600 to me. Restricted stock was released, i wonder if the next round of layoff will be timed for the next release.
About 1400 globally from what I was told.
about 820 recently inactive members under enrique's DL. Given that for some countries it is yet to be done, probably 1K total.
About 7k too few....
Last part is a little bizarre, would imagine they still have a lot more to do
@a5 I got the same email. It seems like it is over for now.
@a5 probably smaller reductions as we go and more team movement/re orgs is what the end of the email read like.
@a3 I got a leadership email and I think the layoffs are done this round? Weird message at the end about chatting with our leaders about new questions regarding our roles and teams
We’re supposed to reduce 20% or about 4,500 people over the next two to three years. I think he’s really handling this poorly if that was it.
@a1 hasn’t even started
160 from Ireland, & some ppl from risk, hyperwallet, some ppl from AU dept, Venmo & client care/AMs. Idk who else
Is the round of layoffs officially done?