Layoffs at PayPal

PayPal layoff 7% of its workforce. Around 2000 employees get laid off.Can anyone confirm?

How is the current layoff situation in Paypal India. I see many vacancies being posted and was reached out by the HR for a Lead Data Scientist position. Can someone help with the organization culture, growth, opportunities, compensation etc.

More layoffs at paypal is ahead. Lot of restructuring is happening internally and morale is at all time low. Sad to see all this happening.

Heard that Paytm is planning to layoff 10% of entire work force. Across all levels. Heard cases that folks who were hired at market premium less than 30 days ago are now being asked to leave the organisation. And the layoffs will be hidden under the guise of mid year appraisals. #PaytmKaro

I'm finding it difficult to understand the situation. A friend, who is a BI developer, was laid off by PayPal, and on the same day, my wife received a call from them for the same role. Next: The hiring manager is pressuring her to complete all interview rounds (4) within 2 days, even making remarks about her inability and calling her unprofessional and showing lack of interest for not completing assignments on weekdays.

I have survived this round of layoff in PayPal b it I am pretty sure we are gonna be having another round by year end. In this current scenario I am hearing a lot about google and some specific companies opening positions for software engineering. What should be your recommendation in the current scenario Try to switch companies Or just stay back and be ready for interview prep Yoe 4.5

Hi Guys, The management at Paytm has informed around 30-40 % will be laid off in May end. I will be affected by Paytm layoffs as list is being prepared. Any referrals/leads for backend software Engineer(tech stack Scala,Kafka,SQL,AWS ) would be helpful as I had joined Paytm as fresher last year.Total experience will be 1 year in June.