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Online auctioneer announces cutbacks

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24 years ago

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Ebay, the San Jose, Calif., online auctioneer — credited with helping keep Christmas shoppers out of the stores during this past season, and in front of their computers instead — announced that it is cutting back its live auction business and will lay off 13 of the 21 employees in the Chicago office of its subsidiary, Butterfield & Butterfield.

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