PayPal to reorganize, cut 325 jobs

30.10.2012

PayPal is owned by eBay and is one of three payment companies held by the online marketplace operator. The other two, which collectively make up eBay's payments division, are Bill Me Later and Zong.

In its most recent quarter, the period from July to September, eBay said its payments division recorded net revenue of US$1.26 billion. That was a jump of 23 percent from the same period in 2011.

The IDG News Service