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Title: eBay announces job cuts Post by: Alex on October 07, 2008, 12:09:20 PM eBay announces job cuts
eBay has said it is laying off 10% of its workforce, as part of a move to streamline the business.The amount is approximately 1,000 staff and hundreds of temporary workers. It is also expected a number of "open" positions will now be closed.The firm hopes to cut costs and strengthen the organisation and its competitiveness. EBay - which already owns online payment firm Paypal - has signed an agreement to buy Bill Me Later for $820m in cash and $125m in options."PayPal and Bill Me Later belong together," said eBay president and chief executive John Donahoe in a statement. View: eBay Read full story... http://feedproxy.google.com/~r/neowin-main/~3/D69fzIsUtFY/ebay-announces-job-cuts |