You are here

eBay to shed 2,400 jobs ahead of PayPal IPO

Friday, January 23, 2015 - 05:50

33705455.jpg
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

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom