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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 its enterprise unit, including a sale or initial public offering …

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