PayPal announced today that it is cutting 325 jobs as well as ending 120 jobs with independent contractors.
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. PayPal had 3,200 workers before Monday's cuts. The company says the cuts are primarily in PayPal's product and technology organizations.