Reuters - PayPal Cuts Jobs as Part of Reorganization
PayPal is cutting about 325 jobs as part of a major reorganization by its new president, David Marcus, designed to regain an innovative edge and head off rising competition, Reuters reported Tuesday. PayPal, the online payment pioneer owned by eBay Inc., said on Monday the full-time jobs would be eliminated as it combines nine product-development groups into one. The company is also cutting about 120 contractors.
30 October 2012•5 mins read
