eBay to slash 2,400 jobs in bid to ‘compete and win’

eBay to slash 2,400 jobs in bid to 'compete and win'

California based online e-commerce giant cuts jobs in three divisions of Marketplaces, Enterprise and PayPal. Online retail giant eBay will slash 2,400 jobs ├óÔé¼ÔÇØ seven per cent of its workforce ├óÔé¼ÔÇØ in the current quarter as it restructures and prepares to spin off its PayPal finance unit.We are on the right strategic path, and we are acting decisively and aggressively as we position eBay and PayPal for successes says ebay CEO. The reasons for the job cuts were to simplify the organization, reduce complexity, speed decision making and create competitive cost structures.

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