Skip to navigation
Login|Register
Log In

Remember me

Latest News

Ebay to cut 10 per cent of jobs

Ebay plans to slash 10 per cent of its workforce, blaming the cuts on low expected revenues. However, the online auctioneer plans to spend £742 million buying companies to boost its performance.

According to eBay, the job cuts will affect around 1,000 full time employees and several hundred temporary workers. The company is slashing jobs because although its revenue continues to increase, the rate at which it is increasing is slowing down.

However, eBay is set to splash out £540 million on the Bill Me Later payment service, which it will combine with its PayPal unit.

The company is also spending a total of £224 million on buying Danish online classifieds businesses Den Bla Avis and BilBasen.

Author: Dawinderpal Sahota

Social Bookmark this article: What is this?

Be the first to comment on this article

You need to Login or Register to comment.

(optional)

advertisement

Serif Digital Scrapbook Artist 2 review

Serif Digital Scrapbook Artist 2

Category: Software
Rating: 4 out of 5
Price: £25
Corel CorelDraw Graphics Suite X5 review

Corel CorelDraw Graphics Suite X5

Category: Software
Rating: 4 out of 5
Price: £357
VMWare WorkStation 7 review

VMWare WorkStation 7

Category: Software
Rating: 4 out of 5
Price: £144
HDRSoft Photomatix Light review

HDRSoft Photomatix Light

Category: Software
Rating: 5 out of 5
Price: £28
Mass Effect 2 review

Mass Effect 2

Category: Software
Rating: 5 out of 5
Price: £20

advertisement

Sponsored Links
Broadband

150+ broadband packages

Compare 30+ mobile broadband deals

Powered by Top 10 Broadband

 

advertisement


 
 

Expert Reviews Printed from www.expertreviews.co.uk

Register to receive our regular email newsletter at http://www.expertreviews.co.uk/registration.

The newsletter contains links to our latest PC news, product reviews, features and how-to guides, plus special offers and competitions.