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eBay to cut 2400 jobs - PayPal isn't safe either

eBay set to cull a massive list of 2400 jobs - also including PayPal staff, this makes up for 7 percent of their global workforce

Chris Smith | Jan 21, 2015 at 06:57 pm CST (0 mins, 48 secs reading time)

With 2400 jobs on the line globally, cuts are said to be happening across multiple positions including the eBay sister company, PayPal. Set to start this quarter, the cuts were revealed in its fourth quarter results which were published today.

eBay to cut 2400 jobs - PayPal isn't safe either | TweakTown.com

These cuts make up for 7 percent of their total workforce, with this move being described by IT News "as a cost-cutting measure ahead of the planned spin-off of its PayPal payments division."

eBay are also allegedly offering up their enterprise unit for potential sale or public offering, claiming this division doesn't fit in with the payment (PayPal) or marketplace (eBay) units.

In a public statement, eBay commented "Enterprise is a strong business and a leading partner for large retailers, managing mission critical components of their e-commerce initiatives. However, it has become clear that it has limited synergies with either business and a separation will allow both to focus exclusively on their core markets, as we create two independent world class companies."

Last updated: Aug 22, 2015 at 12:18 pm CDT

NEWS SOURCE:itnews.com.au
Chris Smith

ABOUT THE AUTHOR - Chris Smith

I'm a competitive gamer and was an eSports employee. Recent changes have seen me hang up the mouse and move over to the technology world, covering all news for TweakTown, ranging from gaming news to opinion articles and the latest tech releases. Expect to see a few different articles on international eSports news and competitive game releases, as well as audio and mobile device content.

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