Online auctioneering pioneer eBay announced it will slash 1,000 jobs and acquire online payment processor Bill Me Later for $820 million in cash and $125 million in outstanding options. The 1,000 layoffs will cut San Jose, Calif.-based eBay's total workforce by 10 percent and will result in a pretax restructuring charge of about $70 million to $80 million.
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Online auctioneering pioneer eBay announced it will slash 1,000 jobs and acquire online payment processor Bill Me Later for $820 million in cash and $125 million in outstanding options. The 1,000 layoffs will cut San Jose, Calif.-based eBay's total workforce by 10 percent and will result in a pretax restructuring charge of about $70 million to $80 million.
