The problem is that the switched network has to emulate behaviours that were free on CSMA/CD system. So we get MAC learning, Spanning-Tree Protocol, and ultimately if you want performant large scale ethernet switching (and not just terminate ethernet at point2point) you end up with complex software directly managing forwarding tables (all sorts of SDNs) or essentially turn ethernet into routed network (using IS-IS routing, two standards exists for implementing it, one of them - TRILL - is reportedly backbone of Cisco Nexus Fabric system).

There's a reason why another name of Layer 2 ethernet network is "broadcast area".