Online trading platform announces plans to reduce workforce by 7%
EBay has declined to say whether Irish workers will be affected by its decision to cut 2,400 jobs.
The
company overnight announced plans to reduce its workforce by about 7
per cent with job losses across eBay Marketplaces, PayPal and eBay
Enterprise.
However, a spokesman for the online trading platform said it was unable to comment further on the proposed cuts at this stage.
Ebay employs about 600 people in Ireland. Online
payments firm PayPal, which is to become a separate business shortly,
employs more than 2,000 people and last year announced plans to hire an
additional 400 staff.
In addition, to reducing its
headcount, Ebay announced plans to buy back shares and entering into a
standstill agreement with activist investor Carl Icahn as the company prepares to split its marketplace and payments businesses.
EBay
also said it’s exploring options for its enterprise unit, including a
sale or initial public offering, and is adding three new board members,
including a representative for Icahn, who had pushed the company to
split up.
Read more Click here / www.trade4x.net
No comments:
Post a Comment