eBay cuts 125 jobs in North America, Europe

EBay said it's cutting 125 jobs in Europe and North America, including 70 positions at the company's San Jose headquarters, according to a news report.

Jose Mallabo, an eBay spokesman, told the Associated Press that the work force reduction was not a cost-cutting measure, but part of a reorganization needed to streamline operations. The cuts amount to less than 1% of the 15,500 people who work for the company worldwide, according to Mallabo.

EBay could not immediately be reached for comment.

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EBay said it's cutting 125 jobs in Europe and North America, including 70 positions at the company's San Jose headquarters, according to a news report.

Jose Mallabo, an eBay spokesman, told the Associated Press that the work force reduction was not a cost-cutting measure, but part of a reorganization needed to streamline operations. The cuts amount to less than 1% of the 15,500 people who work for the company worldwide, according to Mallabo.

EBay could not immediately be reached for comment.

According to the report, eBay said it was making the job cuts in Europe to centralize its corporate functions. However, Mallabo declined to give the AP any information about the layoffs at the company's headquarters.

"It's more of a streamlining, particularly on the customer service front," Mallabo told the AP.

EBay announced the cuts as John Donahoe is set to take over the company from CEO Meg Whitman, who will retire March 31.

Last month the company  announced a new fee structure as well as changes to eBay's feedback system, that  angered many sellers.

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