Saturday December 13, 2014

eBay Planning Massive Job Cuts Following PayPal Split

Ever since PayPal began separating from eBay’s combined operations, business analysts predicted the axe would fall, and fall hard to trim expenses. Reports have eBay looking at cutting almost 10% of its entire workforce or a grand total of about 3K jobs sometime in 1Q2015. Merry Christmas from eBay. eek!

The purge would be the most significant round of layoffs for eBay since 2008, when it shed some 1,600 jobs.