Hum Posted October 17, 2012 Share Posted October 17, 2012 NEW YORK (AP) ? EBay's PayPal unit is planning layoffs in the coming weeks as it tries to refocus and operate more like an agile startup than a large company, according to people familiar with the matter. These people spoke on the condition of anonymity because they were not authorized to discuss the layoffs. Bloomberg reported on Friday that the cuts could affect as many as 400 jobs. PayPal has nearly 13,000 employees. In a statement, PayPal said it has told employees about plans to "strengthen and simplify" how it creates and delivers products. It said it has not yet discussed how these plans might affect jobs and did not confirm or deny the possible layoffs. Nonetheless, a person familiar with the matter said that PayPal employees were told a few weeks ago that there would be a "reduction in workforce." The person did not know how many jobs would be cut. In a memo to staff sent on Friday, PayPal President David Marcus told employees they may hear "rumors floating around about layoffs." "What's not a rumor is that we are committed to changing the way we build products and becoming a simple, customer-focused company. We haven't changed course on our vision, but as you know and have been advised, we need to change our approach to how we will get it done," Marcus wrote in the memo obtained by The Associated Press. full story Link to comment Share on other sites More sharing options...
FiB3R Posted October 17, 2012 Share Posted October 17, 2012 So money grabbing ******** equals "customer-focused company" these days? Awesome. :/ Link to comment Share on other sites More sharing options...
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