NEW YORK: Online retail giant eBay will slash 2,400 jobs -- seven percent of its workforce -- in the current quarter as it restructures and prepares to spin off its PayPal finance unit, it said Wednesday.

California-based eBay unveiled the move as it announced its profit in the fourth quarter rose to $936 million on $OA4.9 billion in revenue. The job cuts will be across eBay's three divisions: Marketplaces, Enterprise and PayPal.

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