Home / ebay / eBay Cuts Jobs but Splashes Out on Acquisitions (Computer Business Online via Yahoo! UK & Ireland News)

eBay Cuts Jobs but Splashes Out on Acquisitions (Computer Business Online via Yahoo! UK & Ireland News)

Online retailer eBay has announced plans to cut 1,000 permanent employees and 600 temporary workers, 10% of its global workforce, in a bid to revamp its auction business amid rising competition and the wider financial crisis.

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