03 February 2015 (10:39 UTC-07 Tango 01)/13 Rabi ‘ath-Thani 1436/14 Bahman 1393/15 Bing Yin (12th month) 4712

“Media and technology are drastically evolving to keep up with today’s consumer. The lines are becoming blurred, and as you well know, our industry is converging at a faster pace than anyone predicted.”-Bob Lord, president of AOL

Reports coming in that California based ebay, and its soon to be sold off electronic payment processor PayPal, began laying off employees.

Some say PayPal’s payment processing services like mobile payments and personal credit card readers are not generating enough revenue.  Most PayPal layoffs involve those services.

ebay is laying off employees in their Marketplaces and Enterprise divisions.  ebay will be split up into two companies in the second half of 2015, which will result in even more layoffs.

New York based AOL (formerly America OnLine) announced they will kill off 150 advertising jobs!  Business Insider is also reporting that their sources say dozens of AOL employees have been voluntarily quitting since December.

ebay kills at least 24-hundred jobs, is it vulture capitalist investors?