eBay to slash 2,400 jobs in reorganization

January 22, 2015
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eBay logo/AFP
eBay logo/AFP

, Online retail giant eBay said Wednesday it would slash 2,400 jobs in the current quarter as it restructures and prepares to spin off its PayPal finance unit.

“We will be simplifying organizational structures to focus the businesses and ensure that we are set up to compete and win,” said eBay, which also plans to explore options to separate its Enterprise division that creates online sites for traditional retailers.

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