Subscribe to this page now.

Paypal slashes 445 jobs to improve development process

10/29, 5:30pm

Nine independent programing teams combined into one

Online payment firm Paypal is cutting 325 full-time employees and 120 contractors as part of a reorganization by new president David Marcus. The firm said Monday that the jobs would be eliminated as it consolidates nine programming and product development groups into a single organization. Ebay will take a $15 million pre-tax restructuring charge in the fourth quarter related to the job cuts.

more

Electronista Sponsor

Electronista Newsletter

Free Technology and Gadgets Newsletter

  • We will not share your email address with anyone.

    toggle

    Most Popular

    Sponsor

    Recent Reviews

    Sound Blaster Roar Bluetooth speaker

    There could very well be a new king of the hill for Bluetooth speakers, with Sound Blaster's recent entry into the marketplace. Bringi ...

    Kenu Airframe Plus

    Simple, stylish and effective, the Kenu Airframe + portable car mount is the latest addition to Kenu's lineup. Released earlier this y ...

    Plantronics Rig Surround 7.1 headset

    Trying to capture the true soundscape of video games can be a daunting task. Looking to surround-sound home theater options, users hav ...

    Sponsor

    toggle

    Most Commented

     
    toggle

    Popular News