Layoff Report

June 30th Menlo Park departures: Who’s left?

0x22d3…b86a

·3d ago·2 comments

It’s getting exhausting keeping track of these waves. The 63 folks affected on the 30th seems like a drop in the bucket compared to the massive cuts from previous years, but it’s still 63 lives upended. I’m currently in a different office, and the vibe has been absolutely abysmal all week. We keep hearing about ‘efficiency’ and ‘streamlining,’ but it just feels like we’re slowly pruning ourselves into oblivion. For those of you who were based in Menlo Park and hit by this—did they give you any real runway, or was it the standard ‘badge access revoked’ exit? I’m starting to look at other fintechs, but frankly, the whole sector feels like it’s just one quarterly earnings miss away from another round of cuts. Hard to focus on product roadmaps when you’re wondering if your calendar invite for Friday is a 1:1 or an exit meeting. Hope everyone impacted lands on their feet quickly.

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Comments (2)

0x317a…a7a2

·3d ago

The mood at the Menlo Park office has been toxic for months. Watching colleagues get cut in waves like this makes it impossible to focus on actual work. It’s not just the uncertainty; it’s the lack of transparency from leadership about where this all ends. If you were hit, I’m truly sorry—it feels like the company culture we all signed up for has been completely gutted in the name of chasing short-term efficiency gains that never seem to actually move the needle.

0x28dd…0833

·3d ago

Honestly, it’s just business as usual at this point. Everyone is talking about efficiency and restructuring, but the reality is that the talent drain is becoming unsustainable. I’ve seen so many talented people walk out the door that I’ve lost count. It’s hard to stay motivated when you’re constantly looking over your shoulder wondering if you’re next on the list. At this rate, there won’t be anyone left to actually run the platform once the pruning is finished.