Ebay Inc.'s PayPal to cut 325 jobs as Internet-based looks to simplify and speed processes

xmoney_20120206094923_JPG


Photographer: AP Graphics Bank

advertisement

Posted: 10/29/2012

NEW YORK - PayPal says it is cutting 325 full-time jobs in a move to streamline the business.

EBay Inc.'s PayPal unit also said Monday that it is ending jobs with about 120 independent contractors worldwide.

The job cuts have been expected and were reported by The Associated Press earlier this month.

PayPal had nearly 13,000 workers before Monday's cuts.

The company says that the cuts are primarily in PayPal's product and technology organizations. PayPal says it wants to simplify and speed up how products are developed.

EBay has its headquarters in San Jose, Calif.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Comments

Tampa Bay Jobs


  1. Find jobs in Tampa Bay

    Find jobs in Tampa Bay

    Looking for a new career? New job advice? We are here to help. Check out all the latest Tampa Bay jobs.

    advertisement

     

     

     

    Top Money Headlines


    1. Rogue locksmiths reigned in

      Rogue locksmiths reigned in

      Hillsborough County Commissioners today took the next step toward regulating an industry investigators say is shot through with fraud. The move follows an ongoing I Team investigation.

    2. Men's Wearhouse founder Zimmer ousted

      • Which lawn mower is a best buy?

        • Former local teacher is 'Chief Coconut'

        • Power surge fee doesn't cover all

        • Consumer Alert: Chrysler to recall Jeeps

          • Stay Connected