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'Compete and win': eBay to cut 2,400 jobs, sell enterprise unit ahead of PayPal split

Jan 22, 2015    

New York: Online retail giant eBay will slash 2,400 jobs - seven per cent of its workforce - in the current quarter as it restructures and prepares to spin off its PayPal finance unit.California-based eBay unveiled the move yesterday as it announced its profit in the fourth quarter rose to USD 936 million on USD 4.9 billion in revenue. The job cuts will be across eBay's three divisions: Marketplaces, Enterprise and PayPal.The reorganization will return eBay to its roots with the "Marketplaces" division, which includes its auctions and online retail sales and accounted for nearly half...

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