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Ebay may cut 1,500 jobs: Barron's
John Donahoe, eBay President and Chief Executive Officer delivers the keynote address during the annual meeting of shareholders and auction sellers in Chicago, Illinois June 20, 2008.
Credit: Reuters/Frank Polich
NEW YORK |
NEW YORK (Reuters) - U.S. online auctioneer eBay Inc may cut 1,500 jobs, according to an article in Barron's weekly, citing a report published last week by investment-research firm Wedge Partners.
The Wedge report, according to Barron's, said eBay's business was "deteriorating" and the company was readying layoffs that could affect 10 percent of its 15,000 employees.
Wedge Partners and eBay could not immediately be reached for comment.
(Reporting by Martinne Geller; Editing by Ted Kerr)
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