I see it more for public perception, 10% seems miniscule imo to the average person who would see this headline (non tech), and a constant compounding can continue to go unoticed.
Plus if every company does it you can begin to forget which company had/has/is/continuing to lay off... Geniusly evil
Both are impacted, not sure what percentage they among other subsidiaries make up of the overall number though. It’s not over yet either, notifications are still going out through the end of the week.
> While I have been encouraged by the innovation our team is delivering, we must execute faster and ensure we are focused on solving our customers’ most critical needs and problems.
The "Our Customers" rhetoric is actually boring now. Just say "large shareholders".
Shareholders are the primary paying customer, coupled with legal obligations and a wherewithal to act on any sort of litigation. So it’s no wonder why they’re prioritized.
I’m not a fan of it, but it’s the lay of the land.
Interesting that big layoff like these are not getting enough coverage in the media, and even here on HN it does not generate enough responses. It sounds like everyone is happy and well. Bear in mind you will most likely get decimated as well. These are huge numbers, and no federal or local politicians are asking what is happening.
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[ 2.8 ms ] story [ 47.3 ms ] threadPlus if every company does it you can begin to forget which company had/has/is/continuing to lay off... Geniusly evil
> Last week, PayPal announced a push into artificial intelligence features.
> Chriss called it the beginning of PayPal's "next chapter."
Looks like they are replacing some positions with AI.
As far as I can tell braintree + venmo seem to be doing well
The "Our Customers" rhetoric is actually boring now. Just say "large shareholders".
I’m not a fan of it, but it’s the lay of the land.