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Any layoff expected in bny ?
December layoffs anywhere?
Anyone worried about layoffs?
Paypal Hello, I've been offered Data engineer /Software Engineer at PayPal, india.
How's the company doing, is it profitable? Bit skeptical about the recent layoffs at PayPal.
Any data engineers at PayPal around? Whats your thoughts, how's the team doing and how would be the growth?
YOE - 5 TC offered : 19 Base +10k RSU (3 years)
TC seems to be a lowball, but that's their budget, no scope of negotiation.
Is it worth joining paypal
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Had 2 hours of billable work today 💀
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Could be outsourcing disguised under a cool AI story.
From my experience it means they are replacing jobs with contractors in india who are largely incompetent. But that's my small sample of experience
Could be a number of things beyond AI and other efficiencies. Changes to company structure is often in response to changing market conditions impacting top line revenue and growth, merging/consolidating departments where overlap and redundancy existed as the market evolved and/or resulting from acquisitions that were not fully integrated, changes in how companies go to market, etc.
Your guess is likely incorrect
Pro
At my firm, we have made adjustments to reduce areas that have consistently underperformed, in favor of other investments. Unfortunately, that means cutting people in places that have underperformed for multiple years in a row that don't look like they will be turning around anytime soon. At some point, you need to fish or cut bait. After you cut bait, you use that money that was not getting the proper returns on your next big bets. That is refocusing.