eBay has announced it will lay off 10% of its workforce – around 1,000 staff plus several hundred temporary positions.

Meanwhile, the company has also made two acquisitions: Denmark’s classifieds site, DBA.dk, for $380 million, and Bill Me Later for $820 million in cash and around $125 million in outstanding options.

Source: Michael Arrington, “Ebay Spends More Than $1.2 Billion To Buy Bill Me Later And DBA.dk, And Lays Off 10% Of Employees”, TechCrunch, October 6, 2008

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