Ax Comes Down On EBay, PayPal Employees: Report
EBay (EBAY) and its PayPal payment unit reportedly are notifying employees who will be laid off as part of a 7% workforce cut announced last month. The cuts appear to be falling on staffers in the company’s point-of-sale (POS) payment service for small retailers and restaurants, hinting that such offline initiatives might also be on the chopping block. Tech news website Re/code quoted multiple sources as saying the cuts reflect eBay management