NEW YORK _ After a series of changes designed to draw more people to its online marketplace, eBay Inc.'s latest alteration is aimed at its own employees. The auction site operator said Monday it will cut about 1,600 jobs, 10 percent of its work force, in its largest round of dismissals ever.

Days from becoming the largest bankruptcy in U.S. history, Lehman Brothers steered millions to departing executives even while pleading for a federal rescue, Congress was told Monday.

Oil prices sunk below $90 a barrel Monday for the first time in eight months, a key price support level, on expectations that a widening financial maelstrom will drastically reduce global demand for energy.

EBay Inc., which still reaps big profits but has been struggling to attract new users, said Monday it will cut its work force by 10 percent _ about 1,600 jobs _ in an attempt to streamline its business.