Mar 24th, 2008
EBay cuts 125 jobs in Europe, North America as part of reorganization
EBay Inc. says it's cutting 125 jobs in Europe and North America, including 70 positions at the online auctioneer's headquarters in San Jose, Calif.
Company spokesman Jose Mallabo says the work force reduction is part of a reorganization to streamline operations _ not cut costs. He says the cuts amount to less than 1 percent of the company's global head count of 15,500 people.
Mallabo says the cuts in Europe are the result of a centralization of corporate functions. He wouldn't talk about what jobs were being affected at headquarters.
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