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

    Razer Kraken Pro headset

    Gaming headphones are a challenge to get right, for a long list of reasons that are unique to the consumer buying them. Some shoppers ...

    Patriot Aero Wireless Mobile Drive

    Regardless of how large a tablet you buy, you always want more space. There's always one more movie or another album you'd cram on, if ...

    Patriot Fuel+ 6000 and 9000mAh batteries

    Mobile device batteries are better than they used to be, but there's always a scenario where users could use more juice. Upgrade manuf ...

    Sponsor

    toggle

    Most Commented

     
    toggle

    Popular News