US e-commerce giant eBay is planning to cut 2,400 jobs in the first quarter, the company said on Wednesday.
The move to slash about 7% of its workforce comes ahead of a plan to split from its online payment PayPal business this year.
EBay made the announcement in its fourth quarter earnings report, which had topped expectations on Wall Street.
It said in a statement it wanted to refocus the businesses and ensure it was “set-up to compete and win”.
The job cuts will range across its eBay Marketplaces, PayPal, and eBay Enterprise units.
