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EBay cuts 2,400 jobs ahead of PayPal spin off

Though eBay saw a fourth-quarter net income increase of 10 percent, the e-commerce company announced plans to cut 2,400 jobs across its marketplaces. EBay plans to spin off its payments business PayPal later this year. More: continued here

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EBay's breakup plans may open door for e-commerce M&A

By Deepa Seetharaman SAN FRANCISCO (Reuters) – EBay Inc's plans to break up into three different companies could accommodate would-be suitors, signaling a potential merger fight after the breakup. The company plans to spin off its payments division, PayPal, from its core marketplace division in the second half of the …

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As profit rises, eBay plans layoffs – Columbus Dispatch

Columbus Dispatch As profit rises, eBay plans layoffsColumbus DispatchOnline retailer eBay Inc. said yesterday that it plans to cut about 2,400 positions, or 7 percent of its workforce, in the current quarter to simplify its organizational structure. The company also said it will explore options for its eBay enterprise …Stocks …

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EBay CFO: It will get worse before it gets better – CNBC

CNBC EBay CFO: It will get worse before it gets betterCNBCEbay reported mixed quarterly earnings and revenue on Wednesday and announced plans to cut some 2,400 positions, or about 7 percent of its workforce, as it prepares to split its PayPal and eBay marketplace businesses into two publicly traded companies. …

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Post Office Problems?

One letter has stopped a couple from getting almost of the mail delivered to their home for almost a year. Peggy Crawford said, "I just want to get my mail, pay my bills on time and not have my utilities shut off….that's all I'm asking."  Crawford's husband and son share …

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