In the mid of an in-house restructuring drive, e-commerce giant eBay is going to make thousands of jobs cut in the first quarter of 2015.
The e-commerce company has made the cost-cutting decision despite it is reporting solid growth in revenues.
According to the reports, eBay would slash 2,400 jobs in the current quarter of this year. The measure will amount to seven percent of its total workforce.
The California-based e-commerce firm unveiled the move even as it declared its profit in the fourth quarter of 2014 surged to USD 963 million (806 million euros) on USD 4.9 billion in revenue.
Speaking in reference to the company’s plan to follow-up its PayPal finance unit into an independent firm, eBay CEO John Donahoe said, “We are on the right strategic path… We’re acting decisively and aggressively as we position the firm for success. The job cuts are required to simplify the organization, speed up decision-making process, reduce complexity and create competitive cost structures.”
The company said it may shed its Enterprise division responsible for the development of online websites for the traditional retailers. The enterprise is being seen as a strong business, but “it is clear that the company has limited synergies with other divisions and a separation would allow both to focus mainly on core markets as we create two independent world-class firms.”
eBay noted it had successfully boosted sales to customers with the help of mobile devices amid the growing mobile payments gateway to USD 45.6 billion in 2014, representing 20 percent share of total sales volume of the company.
