News From Yellow Business Pages » Wired: Top Stories » EBay To Drop 1,000 Employees, Picks Up Two New Businesses

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Wired: Top Stories

• 

  EBay To Drop 1,000 Employees, Picks Up Two New Businesses

  Posted: October 6th, 2008, 9:11am EDT by Chris Snyder

  Tags:    [edit]

  As rumored, EBay is cutting 1,000 employees -- 10% of its workforce. The company also announced the acquisition of an online payments business, Bill Me Later, for $820 million in cash and $125 million in options, and two online classified sites based in Denmark for about $390 million.
  
  Wired.com