David Chang, startup evangelist, parts ways with Boston’s PayPal office after shakeup
David Chang, the head of PayPal’s Boston office and a major proponent of startups in the Boston area, is now no longer at the company after major restructuring at both eBay and its PayPal unit.
Chang had been working as chief operating officer of the PayPal Media Network for the past five years and confirmed his departure to The Boston Globe on Friday. He was also co-founder and director of the PayPal Start Tank, a startup incubator that launched in Boston and has since spread to other parts of the world, including Chennai, India and London.
Chang, who made it on the Boston Business Journal Power 50 list last fall, was previously a part of the team at Boston-based Where Inc, which PayPal acquired in 2011 for $135 million.
The layoffs, which began Monday, came just days after eBay announced in January that it would cut 2,400 jobs, 7 percent of its staff, by the end of the quarter. In September, eBay CEO John Donahoe said the company would lay off as many as 3,000 staffers, 10 percent of its workforce.
It’s currently unclear how the cuts have affected the company’s Boston office. Asked recently whether PayPal’s Boston location, which has about 160 employees, would be impacted by the company-wide layoffs, eBay spokeswoman Amanda Miller said, “We are not breaking it out by region or business unit.”
Boston Business Journal