Sources: PayPal planning layoffs

Sources: PayPal planning layoffs

Credit: Getty Images

KLEINMACHNOW - DECEMBER 17: A sign for Internet payment transaction portal PayPal stands outside the eBay Germany headquarters on December 17, 2009 in Kleinmachnow, Germany. The German service industry labour union ver.di has announced that eBay is to fire 400 of the 630 employees at the Kleinmachnow center. PayPal belongs to eBay. (Photo by Sean Gallup/Getty Images)

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KMOV.com

Posted on October 16, 2012 at 8:41 AM

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 on Monday it has told employees about plans to "strengthen and simplify" how it creates and delivers products. It says it has not yet discussed how these plans might affect jobs.
 

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