eBay Mulling Job Cuts Next Year
eBay is considering a plan to eliminate thousands of jobs early next year as it prepares to separate its PayPal payments unit, according to people familiar with the company's thinking. The cuts are expected to primarily affect workers in eBay's core marketplace division. One source said eBay has discussed trimming at least 3,000 jobs, or 10 percent of its total workforce. The planned layoffs appear to be part of eBay's preparations to be a stand-alone company, and a potentially attractive takeover target. The marketplace division, which includes eBay.com and StubHub, is more profitable than PayPal.