Ebay considering cutting 10% of workforce

[BANGALORE] Online retailer eBay Inc is mulling over a plan to cut thousands of jobs early next year, as it readies to spin off its PayPal unit, the Wall Street Journal reported, citing people familiar with the company's thinking. "We are focused on running the business and setting eBay and PayPal up for success as independent companies," eBay spokesman Amanda Miller said, declining to specifically comment on whether the company was considering layoffs.

Ebay is considering eliminating almost 10 per cent of its workforce, or about 3,000 employees, the WSJ cited one source as saying.

The cuts are expected to be localised in the company's marketplace division, the report said.

The spin-off, announced in September, highlighted the slowing growth of eBay's traditional marketplace business.

REUTERS