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EBay lays off 2,400 after earnings tank

EBay lays off 2,400 after earnings tank

In case you didn't know, 2014 was a bad, bad year for the online auction site eBay. The company was hacked more than once, earnings fell and eBay CEO John Donahoe told Business Insider, "quite frankly, we're glad to see [2014] come to an end."

But eBay isn't out of the woods just let. The company has warned that 2015 won't be a cake walk either. With the company sinking fast, eBay will be cutting around 2,400 jobs, or about 7% of its total workforce, to try and stay afloat.

So how on Earth could one of America's top companies be in so much trouble? Donahoe had plenty of reasons which he detailed in his latest earnings call.

Next page: Find out what went wrong in 2014 and learn why 2015 could be worse.
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