WRAL.com EBay to cut 2400 jobs, spin off or sell enterprise unitWRAL.comThe string of changes comes after a tough 2014. A cyberattack compromised eBay users' passwords, email addresses and phone numbers, although no financial information was stolen. And a change by Google also made it harder for eBay results to …
Read More »EBay to Cut 2400 Jobs, and Weighs 2nd Spinoff – New York Times
USA TODAY EBay to Cut 2400 Jobs, and Weighs 2nd SpinoffNew York TimesEBay has made billions reinventing ways to sell items on the Internet. Now, in the face of declining growth, the company must reinvent itself once more. Facing stiff competition and the declining growth of its auctions business, eBay …
Read More »Suspect Holds Up Rancho Bernardo Post Office – NBC 7 San Diego
NBC 7 San Diego Suspect Holds Up Rancho Bernardo Post OfficeNBC 7 San DiegoU.S. Postal inspectors are on the hunt for a man who they say robbed a Rancho Bernardo post office Wednesday afternoon — a federal crime. The suspect used a gun to hold up the facility at 11700 …
Read More »eBay cutting staff ahead of PayPal split – CNET
eBay cutting staff ahead of PayPal splitCNETAbout 2,400 jobs will be eliminated in the first quarter from its e-commerce units, eBay Marketplaces and eBay Enterprise, and PayPal. eBay is also consider selling eBay Enterprise or taking the business unit public. The enterprise group provides e … More: continued here
Read More »Biz Break: eBay to lay off 2400, could split into three parts – San Jose Mercury News
Biz Break: eBay to lay off 2400, could split into three partsSan Jose Mercury NewsThe core auction site eBay runs has not recovered from the negative affects of asking all users to reset their passwords last May, Donahoe said, and has also been negatively affected by changes in search engines …
Read More »Police searching for man who robbed post office
A gun-toting thief robbed a post office in Rancho Bernardo late Wednesday afternoon. More: continued here
Read More »EBay Cuts 7% of Workforce, Agrees to Standstill With Icahn – Bloomberg
Bloomberg EBay Cuts 7% of Workforce, Agrees to Standstill With IcahnBloombergEBay 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 … More: …
Read More »The Onion targets stamps, Postal Service fires back – Federal Times
The Onion targets stamps, Postal Service fires backFederal TimesSatire website The Onion took aim at the Postal Service On Jan. 21, poking fun at the dwindling number of people sending birthday cards and paying bills through the agency. In an effort to highlight their longstanding contributions and loyalty to the …
Read More »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, …
Read More »eBay to slash 2,400 jobs in bid to 'compete and win'
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 …
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