Report: eBay Considering Laying Off 10 Percent of Workforce

Thousands of jobs could be cut from eBay as the online marketplace "spins off" PayPal, according to reports.

<span class="articleLocation">The Wall Street Journal reports, citing people "familiar with" eBay's "thinking," as many as 3,000 jobs at eBay could be eliminated.

PayPal will be set up as an independent company sometime next year.

The cuts will come in eBay's "marketplace division," according to Reuters.