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Ebay job losses

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daniel

Posts : 32
Join date : 2014-12-26
Location : some where in time
20150123

Ebay job losses

Post by daniel

my turn to help admin with news for a while.

Ebay giant announces job losses, is this the first sign of online cull.

eBay to cut 2,400 jobs this quarter

US e-commerce giant eBay is planning to cut 2,400 jobs in the first quarter, the company said on Wednesday.

The move to slash about 7% of its workforce comes ahead of a plan to split from its online payment PayPal business this year.

EBay made the announcement in its fourth quarter earnings report, which had topped expectations on Wall Street.

It said in a statement it wanted to refocus the businesses and ensure it was "set-up to compete and win".

The job cuts will range across its eBay Marketplaces, PayPal, and eBay Enterprise units.
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