IT Layoffs at Paypal

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.

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

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 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.

Is there any one from Paytm , who can confirm if there’s a silent layoff happening there. I have an offer as SSE , but have heard from multiple people that work culture is detoriating very fast and almost 20% are undergoing PIP.

Almost 50% of the org got no increments People with "exceeds" rating got single digit increments Only promotion cases have got early to mid double digit increments Promotions have been significantly fewer this time, max people have been told to hold off their expectations of promotions for another year The reasons cited were economic slowdown, other companies like Microsoft, Flipkart, swiggy, Amazon doing the same and cost cutting. I think things are getting toxic and the majority of employees have been left disappointed.