Monday January 27, 2020

EBay to cut 2,400 jobs or seven per cent of workforce

EBay is cutting 2,400 positions, buying back shares and entering into a standstill agreement with activist investor Carl Icahn.

22nd January, 2015
6

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 also said it’s exploring options for its enterprise unit, including a sale or initial public offering, and is adding three new board members, including a representative for Icahn, who had pushed the company to split up.

Progress on chief executive John Donahoe’s plan...

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