EBay Announces Layoffs, Pact With Icahn; Outlook Weak

By | January 21, 2015

Scalper1 News

EBay late Wednesday announced a 7% cut to its workforce and said that it’s mulling an IPO for its eBay Enterprise unit, as growth slowed and its Q1 outlook missed views. The company also announced a pact with activist investor Carl Icahn that gives a representative of his company a seat on the board. Amid these announcements, the payments and auctions powerhouse — which said that the spinoff of its PayPal payments unit is on track for Q3 — issued Scalper1 News

Scalper1 News