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Telecomunicaciones y tecnología

EBay to cut 10 percent of jobs, exceed profit view


    NEW YORK (Reuters) - EBay Inc plans to cut its workforce by 10 percent and expects to exceed its third-quarter earnings forecast, the online auction Web site said on Monday as its shares rose nearly 2 percent in pre-market trading.

    EBAY (EBAY.NQ)also said it is acquiring the Bill Me Later payments service for about $820 million in cash and $125 million in options. It is also buying Danish online classifieds businesses Den Bla Avis and BilBasen for about $390 million.

    EBay expects the job cuts would affect about 1,000 employees and several hundred temporary workers. The reduction is expected to incur restructuring charges of about $70 million to $80 million, occurring mostly in the fourth quarter.

    For the third quarter, EBay expects to hit the low end of its revenue forecast and exceed its earnings forecast.

    The San Jose, California-based company is scheduled to announce third-quarter results on October 15.

    EBay shares rose to $19.30 in pre-market trading from their close of $18.94 on Friday.

    (Reporting by Martinne Geller; Editing by Derek Caney)