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Archive Home > 2008 > October > 07 > EBay plans to lay off 10% of its work force

EBay plans to lay off 10% of its work force


October 7, 2008

SAN FRANCISCO — The Internet company eBay is both tightening its belt and expanding its reach in preparation for the coming economic storm. On Monday, eBay announced it would lay off 10 percent of its 16,000 workers, including 1,000 permanent employees, and pay $1.35 billion to acquire....

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