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EBay, cutting 7% of workforce, looks to spin-off Enterprise unit

EBay will cut roughly 7 percent of its total workforce, or 2,400 workers, and is considering a sale or IPO of its Enterprise unit, it said Wednesday. The cuts are part of a plan to save more than US$300 million across the company this year as it battles sluggish traffic, low-selling items, and increased competition in e-commerce. EBay is also planning to spin off its PayPal unit into a separate …

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