Ebay To Cut 2400 Jobs, Sell Enterprise Unit Ahead Of Paypal Split

[Spartan]

SAN FRANCISCO (Reuters) - EBay Inc plans to cut its workforce by 7 percent, or 2,400 jobs, in the current quarter and is exploring a sale or public offering of its enterprise unit as the e-commerce company prepares to split from its payments division, PayPal, this year.

 

The jobs will be cut across the marketplace, payments and enterprise divisions, eBay said on Wednesday in its fourth-quarter earnings report.

 

EBay said it entered into a standstill agreement with Carl Icahn, its largest active shareholder, and appointed to its board Icahn Capital executive Jonathan Christodoro. It also is adding two Wall Street bankers to its board, expanding the number of directors to 15.

 

PayPal agreed to adopt a number of measures proposed by Icahn, which the billionaire said enhanced corporate governance at the payments giant.

 

"Looking forward to 2015, we will be simplifying organizational structures to focus the businesses and ensure that we are set-up to compete and win," eBay said.

[aragorn]

music start gif ple, evala BOC .25% rate cut cheseru canada lo, dantho loonie inka kindakee. oka paka oil layoffs, jobs slimpickins.  :3D_Smiles_38:

[Spartan]

music start gif ple, evala BOC .25% rate cut cheseru canada lo, dantho loonie inka kindakee. oka paka oil layoffs, jobs slimpickins.  :3D_Smiles_38:

 

NASDAQ correction time man..        

[aragorn]

NASDAQ correction time man..        

 

Overdue le oil already started, correct time kee vasthai evi, savings koda ledu invest chesthaniki :3D_Smiles_38:

[Spartan]

Overdue le oil already started, correct time kee vasthai evi, savings koda ledu invest chesthaniki :3D_Smiles_38:

 

:3D_Smiles_38:   layoffs touch cheyakpote chaal..ma dantlo.. 

[mtkr]

melli melli gaa annitlo biskets strtd aa!!

[Hyderabad_Nawab]

Monnane veediki Manchi Bizziness chesina oka 2000$ dhaaka - Em kastam vacchindho Papam malli.. :3D_Smiles_38:

[Spartan]

Monnane veediki Manchi Bizziness chesina oka 2000$ dhaaka - Em kastam vacchindho Papam malli.. :3D_Smiles_38:

 

e-commercing is dying..adi reason 

[vasu123]

ya cutting going on specially in Oil & Gas companies

[Nene_Thopu]

so sad 

[Guest]

Carl gaadu indla kooda vunnada..

[sigsegv]

idhi vatti ebay na leka emaina recession ki sign aa?.. experts pls advice..

[mukunda1]

next is amazon...idi final...watch for it....Bestbuy, walmart are banging heck out of e-commerce now......there will be correction in retail industry...the sequence to effect is amazon,overstock,................................., costco,........samsclub, and finally walmart.

 

[aragorn]

idhi vatti ebay na leka emaina recession ki sign aa?.. experts pls advice..

 

US lo aithe few sectors only, rest of the world aithe yes recession kee sign :3D_Smiles_38:
 

[mukunda1]

idhi vatti ebay na leka emaina recession ki sign aa?.. experts pls advice..

 

sign for correction in retail industry....immediate correction is in oil industry.