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Carl Icahn
EBay to slash 2,400 jobs amid weak holiday sales
EBay to slash 2,400 jobs amid weak holiday sales

Online marketplace EBay Inc. is slashing 2,400 jobs, or about 7% of its workforce, after a mixed holiday season and a lower-than-expected revenue forecast for the current quarter. The job cuts will affect its Marketplaces and Enterprise businesses, as well as its online payment arm PayPal, EBay said Wednesday in its quarterly earnings report. The e-commerce company said it was exploring a sale or initial public offering of its Enterprise unit, which helps retailers improve their Internet presence. “It has become clear that it has limited synergies” with EBay’s other businesses, the company said. Also on Wednesday, EBay disclosed it had reached an agreement with...

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