"Leader of PayPal’s Boston office out" by Callum Borchers, Globe Staff February 06, 2015
David Chang, one of the state’s most prominent investors and advisers to startups, is out as head of PayPal’s Boston office after corporate parent eBay Inc. instituted companywide layoffs.
The online retail giant began handing pink slips to Boston employees this week, according to three people who were let go. One, who spoke on condition of anonymity, said most of the 60 to 70 engineers in the office were fired, along with about 20 sales and marketing workers.
EBay said in January it would reduce its worldwide rolls by 7 percent in the first quarter but declined Friday to confirm how many of the roughly 160 full-time employees in Boston would be affected. EBay has about 35,000 employees, about half of which work for PayPal.
The company already planned to spin off PayPal, its digital payments division, into a separate business later this year. EBay gave no indication it would shutter the Boston office.
His departure caught other leaders of Boston’s innovation community unaware....
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Chang said he “was happy to part ways and there is no ill will.”
