eBay to cut 2,400 jobs ahead of PayPal spinoff
By Agence France Presse in New York | China Daily | Updated: 2015-01-23 07:37
E-commerce giant eBay will slash 2,400 jobs - 7 percent of its workforce in the current quarter as it restructures and prepares to spin off its PayPal finance unit, it said on Wednesday.
California-based eBay unveiled the move even as it announced its profit in the fourth quarter rose to $936 million on $4.9 billion in revenue.
The job cuts will be across eBay's three divisions: Marketplaces, Enterprise and PayPal.
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