Bloomberg is officially reporting the layoff at eBay. Here is an abbreviated version of the original post.

EBay which has almost doubled its staff since 2005, will cut 10 percent of its workforce …

The firings will affect 1,000 employees and several hundred temporary workers, San Jose, California-based EBay said today. EBay is expanding its payments unit, which now contributes 28 percent of revenue, after reporting its slowest revenue growth in July since selling shares to the public in 1998.

“We’re investing a lot of time and energy to reaccelerate growth there, that’s our core,” Chief Executive Officer John Donahoe said on a conference call, referring to the online auction and marketplace sites. We’re going to continue to invest in PayPal to extend that leadership position because we think it has enormous potential, and almost a once-in-a lifetime opportunity to extend that lead.”

The job cuts will cost EBay $70 million to $80 million pretax, most of which will be recorded in the fourth quarter, and lead to annual savings of about $150 million.

Donahue inherited about 15,500 employees when he took over from predecessor Meg Whitman in April, up from 8,100 at the start of 2005, after acquisitions including automobile sites in Europe, Internet telephone unit Skype Technologies SA, online ticket-reseller StubHub and Web recommendation site StumbleUpon.

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