Following the eBay, PayPal division, the first round of layoffs has begun. They had announced a 7 percent cut in workforce last month spreading across various departments. John Donahoe president and CEO of ebay Inc had said, “We plan to reduce our workforce globally by approximately 2,400 positions, across eBay

eBay, one of the largest e-commerce companies has announced a spinoff from its payments service PayPal. Ahead of this move they plan to cut about 7 percent of its staff spreading across various departments. John Donahoe president and CEO of ebay Inc said, “We plan to reduce our workforce globally