Tuesday, October 07, 2008

EBay Trims Its Work Force and Makes Acquisitions - NYTimes.com

Mighty morphing eBay; read the full article for more details

On Monday, eBay announced it would lay off 10 percent of its 16,000 workers, including 1,000 permanent employees, and pay $1.35 billion to acquire the Web payment firm Bill Me Later and the Danish classified advertising companies Den Bla Avis and BilBasen.

EBay, based in San Jose, Calif., said most of the layoffs would be in its core marketplace division, which has suffered from declining single-digit growth rates while online commerce has been growing at a double-digit clip.

EBay Trims Its Work Force and Makes Acquisitions - NYTimes.com

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