PayPal plans first job cuts since 2008 financial crisis

SAN FRANCISCO (Reuters) - PayPal is planning to cut as much as 3 percent of its workforce as the payments division of eBay Inc looks to streamline its operations under new President David Marcus, a person familiar with the situation said on Friday. The reductions are expected to total between 300 and 400 and be focused in product development, technology and marketing, the person said on condition of anonymity because the plans are not public. PayPal has almost 13,000 employees. The job cuts will be PayPal's first major reductions since the financial crisis in 2008. ...

eBay launches eBay Now, a same-day delivery program

The new eBay Now service doesn't work the way the traditional auction site does. Instead of buying items from a stranger in Arkansas selling a life-size bigfoot replica , eBay Now connects you to stores in your neighborhood such as Target, Macy's, and Best Buy. That way, you can order an item and get it delivered in as little as an hour.

If you're in the San Francisco area, you can test out the new eBay service Monday through Saturday, 9 a.m. to 9 p.m., or on Sundays from 9 a.m. to 6 p.m. Beta testers save $15 on their first order and get free delivery on their first three. Once the trial period ends, orders will be charged a $5 delivery fee.