PayPal Begins Company Wide Layoffsseekingalpha.com 7 pointsdanielsokil2 years ago3 commentsSaveHideCopy link On HNComments−toomuchtodo2y9% of global workforce, ~2500 employees.https://www.bloomberg.com/news/articles/2024-01-30/paypal-to... | https://archive.today/XSojt−favourable2yWhat's causing all these layoffs? Like, it's all I read in my feeds these days! Economic downturn or something more novel, like AI replacing jobs?−toomuchtodo2yDesperation for trailing returns that have evaporated post "COVID bump" and ZIRP. Labor market is firing on all cylinders [1], it is the capital markets that are sad [2].[1] https://www.axios.com/2024/01/30/us-job-openings-report-stea...[2] https://www.bloomberg.com/news/articles/2023-10-14/end-of-co... | https://archive.today/0V56d
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9% of global workforce, ~2500 employees.
https://www.bloomberg.com/news/articles/2024-01-30/paypal-to... | https://archive.today/XSojt
What's causing all these layoffs? Like, it's all I read in my feeds these days! Economic downturn or something more novel, like AI replacing jobs?
Desperation for trailing returns that have evaporated post "COVID bump" and ZIRP. Labor market is firing on all cylinders [1], it is the capital markets that are sad [2].
[1] https://www.axios.com/2024/01/30/us-job-openings-report-stea...
[2] https://www.bloomberg.com/news/articles/2023-10-14/end-of-co... | https://archive.today/0V56d