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eBay to cut 2,400 jobs

eBay announced that it planned to cut 2,400 jobs in the first quarter, according to a statement released by the US e-commerce giant on Wednesday.

Plans to decrease the workforce come ahead of a proposal to split from its online payment PayPal business this year.

In a statement released by the organisation, eBay confirmed that it wanted to refocus the business and ensure it was “set-up to compete and win”.

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