Around the Net

EBay To Cut 2,400 Jobs After Weak Christmas

Online retailer eBay is axing 2,400 jobs after reporting weak Christmas sales and forecasting sluggish revenue growth for the current quarter. The U.S. company said on Wednesday night it is also exploring a sale or public offering of its enterprise unit, which helps companies boost online sales. The move follows eBay’s decision last year to spin off its PayPal payments unit. The job cuts, around 7pc of its total workforce, will fall across eBay’s three divisions: marketplaces, enterprise and PayPal.

Read the whole story at The Telegraph »

Next story loading loading..