EBay Will Eliminate 2,400 Jobs After Weak Holiday Sales

EBay headquarters in San Jose, California.
Photographer: Justin Sullivan/Getty Images

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By Spencer Soper

January 21, 2015 at 9:20 PM UTC

Updated on

January 22, 2015 at 1:41 AM UTC

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EBay Inc. is cutting 2,400 positions, buying back shares and entering into a standstill agreement with activist investor Carl Icahn as the company prepares to split its marketplace and payments businesses.

EBay also said it’s exploring options for its enterprise unit, including a sale or initial public offering, and is adding three new board members, including a representative for Icahn, who had pushed the company to split up.