EBay Fires 125 (EBAY)

EBay canned 125 people today in Europe and North America, including 70 from its Valley headquarters. Jose Malibo, eBay spokesman, told the AP that the layoffs are part of the company’s effort to streamline, but he wouldn’t say which jobs are affected.

John Donahoe, the current president of the company’s marketplace business, will take over as CEO after current chief executive Meg Whitman retires on March 31. In January the company changed its fees for sellers, prompting a backlash.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

ebay sai-us