29 Ekim 2012 Pazartesi

PayPal cutting jobs as part of major reorganization

SAN FRANCISCO (Reuters) - 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. 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. EBay will take a $15 million pretax restructuring charge in the fourth quarter related to the job reductions. ...

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