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Tech news from around the web:

  • AOL has unveiled the first round of redundancies following its $315m deal to acquire the Huffington Post, PaidContent reports. In India, which accounts for nearly 20 per cent of AOL’s 5,000 staff,  400 jobs will be lost with a further 300 outsourced to outside contractors. PaidContent adds that a much smaller wave of cuts will follow in the US and the total number of jobs cut will be close to 900.

 

  • Ebay announced plans to spin off Skype, its internet phone service, after talks to sell Skype back to its founders collapsed. Skype, purchased for $3.1bn in 2005, was meant to help buyers and sellers connect on eBay’s core e-commerce site. But there has been no synergy between the companies, and eBay chief executive John Donahoe has faced increasing pressure to sell Skype. The plan was announced one day after eBay sold StumbleUpon back to its founders.
  • Intel said the PC market has bottomed out, but offered few signs that a recovery from recent drastic sales declines was close at hand. Revenues for the three months through March slumped to $7.1bn, or 26 per cent lower than a year before, while net income fell by 55 per cent to $647m.

 

David Gelles

At eBay’s analyst day last month, chief executive John Donahoe said he wasn’t going to force synergies between unrelated properties in eBay’s bulging portfolio of companies.

Most observers figured he was just talking about Skype, the VoIP service which Mr Donahoe has taken to calling a “great standalone business.” But if Mr Donahoe isnt quite ready yet to sell Skype, it turns out there are other eBay companies he is willing to part with.