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eBay to shed 2,400 jobs ahead of PayPal IPO

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E-commerce 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, it said on Wednesday.

New York

E-COMMERCE 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, it said on Wednesday.

California-based eBay unveiled the move even as it announced its profit in the

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