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Report – EBay may cut thousands of jobs in 2015


San Jose, Calif. – EBay Inc. is reportedly considering cutting up to 3,000 jobs early in 2015. According to the Wall Street Journal, the staff reductions would primarily occur in the EBay Marketplace unit as the company prepares to spin off its PayPal unit.

Although EBay Marketplace, which includes and StubHub, is more profitable than PayPal, it is also growing at a slower rate. One possible benefit from layoffs would be to make EBay a better target for acquisition, which some experts have speculated is a driving factor in spinning it off as a separate company from PayPal. EBay declined comment.
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