Internet giant eBay Inc., which has seen sluggish growth in its online auction business, announced Monday it was cutting its global workforce by about 10 percent. In a statement released by its San Jose, California headquarters, eBay said it was cutting 1,000 permanent employees and several hundred temporary workers in a bid to streamline its organisation. Separately, it announced it was purchasing online payment service Bill Me Later -- a rival to its market-leading PayPal -- for 820 million US dollars (606 million euros) in cash and 125 million US dollars in employee options. In addition, it said it was acquiring Denmark's leading online classifieds site Den Bla Avis (dba.dk) and vehicles site BilBasen (bilbasen.dk) for 390 million US dollars in cash. The global workforce reduction is intended to simplify and streamline eBay's organisation, improve its cost structure and strengthen the overall competitiveness of existing businesses, it said.