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October 29, 2012 08:09 pm GMT

Reorganizing Its Product Division, eBays PayPal Gives 325 Employees Pink Slips; Will Cost $15M

PayPal | CrunchBase ProfileWe've been hearing about these PayPal layoffs, and today the company confirmed this in a blog post today. Due to a product org redesign, 325 full-time roles (and employees) have been terminated. PayPal is also ending contracts with approximately 120 contractors globally.

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