Layoffs at EBAY & PayPal?

From the funny folks at ValleyWag; "In the last 24 hours, we've heard that eBay has laid off 40 members from its bloated middle-management ranks and that its PayPal subsidiary has let its entire branding department go. Has Wall Street already gotten word of these cutbacks? We all know how much the market loves "fat trimming," and EBAY is up nearly two points so far today."