eBay Buys Bill Me Later, Cuts 10 Percent of Workforce (PC Magazine via Yahoo! News)

Internet auction site eBay will cut 10 percent of its workforce, or about 1,000 jobs, the company said Monday. On a more positive note, eBay also announced Monday that it will acquire online billing company Bill Me Later for $820 million in cash, plus two Danish Web properties.

More: continued here