EBay to Cut 1,000 Jobs, Buy Bill Me Later

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SAN JOSE, CA - EBay , which still reaps big profits but has been struggling to attract new users, said Monday it will cut about 1,000 jobs in an attempt to streamline its business. The cuts amount to 10 percent of eBay's work force. The online auction site also plans to get rid of several hundred temporary workers and reduce open ... Full Story

InsideTech News

  • Inside Google's Green Data Centers

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    'Google is more than happy to be the posterchild of the green computing movement, especially when its efforts have saved the company big bucks.' - Google is all about environmental protection and encouraging people to go green. From plans for tida...

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  • Americans Still Somewhat Befuddled by Cyber Security

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    'Users continue not to install antivirus software, believe they have protections they don't.' - Every year there's a kickoff for a campaign on cyber-security awareness in the form of National Cyber Security Awareness Month. The campaign looks to b...

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  • Ex-McAfee Executive Clear of Option Dating

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    SAN FRANCISCO - A jury on Friday acquitted the former top lawyer at computer-security software maker McAfee Inc. of illegally tampering with his stock option grants to boost his pay package. Kent Roberts, who served as McAfee's general counsel unt...

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  • CNN Hands over Info on Author of Steve Jobs Rumor

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    SEATTLE - A CNN-owned Web site called iReport.com, which publishes reports written by ordinary citizens, said Friday it will give the Securities and Exchange Commission information about the author of an item that claimed Apple CEO Steve Jobs had ...

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  • Kingston to Sell Intel SSDs

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    'Kingston and Intel work together to sell Intel's new SSDs.' - SSDs are trickling into the consumer market in notebooks and especially netbook computers. In the enterprise market, the benefits of a SSD are more apparent when used in high-demand en...

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  • Employers Cut Jobs by Most in More than 5 Years

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    WASHINGTON (AP) — Employers slashed payrolls by 159,000 in September, the most in more than five years, a worrisome sign that the economy is hurtling toward a deep recession. The Labor Department's fresh snapshot, released Friday, also showed that...

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  • Yahoo Stock Hits 5-Year Low

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    'Internet giant hit by failures, poor economy, falls to lowest trading value since .com bust.' - Once offered $32/ a share to merge with Microsoft, Jerry Yang's Yahoo Inc. is in financial trouble. The giant's stock closed Thursday at $15.58/share ...

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  • Royalties Scare Abated, iTunes and Web Radio to Rock On

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    'Last-minute deals keep the digital music flowing.' - Businesses in the realm of digital music can breathe a collective sigh of relief - the proposed royalties hikes, which could have put webcasters like Pandora and music store titans like iTunes ...

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