Online retail giant eBay will slash 2,400 jobs — seven percent of its workforce — in the current quarter as it restructures and prepares to spin off its PayPal finance unit, it said Wednesday. California-based eBay unveiled the move as it announced its profit in the fourth quarter rose to …
Read More »‘Buggy ended my life’ eBay ad goes viral – BBC News
BBC News 'Buggy ended my life' eBay ad goes viralBBC NewsThe wife of an eBay seller who listed a used buggy as the item that ended his "happy carefree life" said the couple had been amazed by the advert's popularity on social media. The current highest bid for the three-wheeler …
Read More »BRIEF-EBay to take $100 mln charge in Q1 related to job cuts – Reuters
BRIEF-EBay to take $100 mln charge in Q1 related to job cutsReutersJan 21 (Reuters) – EBay Inc. * EBay says exploring full or partial sale of enterprise unit or IPO. * EBay CFO says marketplace unit performance will worsen in first half of 2015 before rebounding in second half. * …
Read More »EBay tops 4Q profit forecasts
The San Jose, California-based company said it had profit of 75 cents per share. Earnings, adjusted for one-time gains and costs, came to 90 cents per share. The results topped Wall Street expectations. … More: continued here
Read More »EBay Beats Q4 EPS, 2015 Outlook Includes 2,400 Job Cuts
eBay Inc (NASDAQ: EBAY ) reported fourth quarter financial results Wednesday with revenue coming in at $4.921 billion, below estimates of $4.93 billion, an increase of 9 percent compared to the same period … More: continued here
Read More »EBay announces plans to cut 2,400 jobs, spin off PayPal
A roundup of business news from around the world. More: continued here
Read More »EBay laying off 2400, 7% of workforce – USA TODAY
Forbes EBay laying off 2400, 7% of workforceUSA TODAYNEW YORK — Amid weak holiday sales and sluggish revenue expectations for the current quarter, online retailer eBay warned on Wednesday that it plans to reduce its global workforce by 2,400 jobs, or 7%, in the first quarter of this year. EBay …
Read More »eBay Inc. Expands Board of Directors
eBay Inc. today announced the appointment of Perry Traquina and Frank Yeary to its board of directors. Separately, the company also announced it has entered into a s More: continued here
Read More »EBay Cuts 7% of Workforce, Agrees to Standstill With Icahn
EBay Inc. (EBAY) is cutting 2,400 positions, buying back shares and entering into a standstill agreement with activist investor Carl Icahn as the company prepares to split its marketplace and payments businesses. EBay, which also reported weak holiday sales and forecast sluggish revenue growth, also said it's exploring options for …
Read More »eBay Inc. Reports Fourth Quarter and Full Year Results
Global commerce platform and payments leader eBay today reported that revenue for the fourth quarter ended December 31, 2014 increased 9% to $4.9 billion, compared to the same period in 2013. More: continued here
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