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

    Thecus N2310 NAS

    For every computer user, there comes a point of critical mass in data storage. When it hits, external hard drives, USB sticks and DVD ...

    iRig Pads

    When it comes to mobile music products, IK Multimedia has positioned itself as one of the top suppliers. Right from the early days of ...

    DoxieGo Portable Scanner

    Sometimes, people need to scan things, but having a computer at hand to do so isn't exactly feasible. Maybe it's the home of a relativ ...

    Sponsor

    toggle

    Most Commented

     
    toggle

    Popular News