EBay to fire 2,400 employees after poor sales during end year holiday

The US online commerce company EBay announced that it plans to lay off 2,400 employees. The move comes after the holiday season brought poor sales that triggered a slump in company’s revenue for the fourth quarter of last year. Ebay totaled 4.35 and 4.45 billion dollars, compared to initial estimates expecting around 4.71 billion.

In addition, the e-commerce giant considers the possibility of selling or public offering its entrepreneurial division, which generally helps companies increase the online sales.

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The announced layoffs of 2,400 people, which amount to approximately 7% of the total workforce of the company, targets three divisions of eBay: the markets, entrepreneurial and PayPal divisions.