ebay cutting 1,000 employees............
JohnnyD
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EBay to cut 1,000 jobs, will buy Bill Me Later 57 minutes ago
SAN JOSE, Calif. - EBay Inc. said on Monday it will cut about 1,000 employees, reducing its work force by about 10 percent.
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The online auction site also said it will get rid of several hundred temporary workers and reduce open positions.
EBay said the reductions would streamline its organization. The company said it expects restructuring charges of about $70 million to $80 million, mostly in the fourth quarter.
EBay also said its third-quarter earnings would be higher than it predicted in July, although revenue will be at the low end of its expectation. It is scheduled to announce third-quarter results on Oct. 15.
On July 16 eBay said it expected third-quarter earnings between 30 cents and 32 cents per share, and revenue between $2.1 billion and $2.15 billion.
EBay also said it will buy online payments business Bill Me Later for $820 million in cash and $125 million in outstanding options. The company also said it will buy Danish classifieds site dba.dk and vehicles site bilbasen.dk for $390 million in cash.
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EBay to cut 1,000 jobs, will buy Bill Me Later 57 minutes ago
SAN JOSE, Calif. - EBay Inc. said on Monday it will cut about 1,000 employees, reducing its work force by about 10 percent.
ADVERTISEMENT
The online auction site also said it will get rid of several hundred temporary workers and reduce open positions.
EBay said the reductions would streamline its organization. The company said it expects restructuring charges of about $70 million to $80 million, mostly in the fourth quarter.
EBay also said its third-quarter earnings would be higher than it predicted in July, although revenue will be at the low end of its expectation. It is scheduled to announce third-quarter results on Oct. 15.
On July 16 eBay said it expected third-quarter earnings between 30 cents and 32 cents per share, and revenue between $2.1 billion and $2.15 billion.
EBay also said it will buy online payments business Bill Me Later for $820 million in cash and $125 million in outstanding options. The company also said it will buy Danish classifieds site dba.dk and vehicles site bilbasen.dk for $390 million in cash.
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And, as usual, expect the 1,000 layoffs to be people who actually work, while retaining any bloated management structures.
they are laying off 1,000 sellers that they no longer want
they consider us sellers as their employees, and they charge us to work for them as well with huge fees.
Think of it, who does the most work on their site? We do, as sellers.
Just poking fun at the train wreck called e-bay
I was talking to dead help about a problem I had about a blocked bidder getting through my blocked list and was able to bid on an item Friday morning.
She kept repeating the same ole canned non-sense. I told her the way Ebay keeps running off their sellers they are soon going to have to start cutting employees. Her reply was I am just a temp so my job with Ebay is not at risk. Wonder if she got her pink slip yet.
<< <i>You all missed it
they are laying off 1,000 sellers that they no longer want
they consider us sellers as their employees, and they charge us to work for them as well with huge fees.
Think of it, who does the most work on their site? We do, as sellers.
Just poking fun at the train wreck called e-bay >>
I think you could say 1 eBay employee equals 2000 guys that buy and sell constantly. So that is 2,000,000 of us they fired.
Raw: Tony Gonzalez (low #'d cards, and especially 1/1's) and Steve Young.
<< <i> Ebay has (or had ) 10,000 employees? That seems like waaay too much for how generic it is. >>
You would think that would be surprising, but you should see how large Google, Yahoo and Ebay's buildings are in person. I drive past them all when I go up to San Francisco and those places are amazing!
Brian
May the scabies & fleas of a thousand hookers infest his groin.
<< <i>
<< <i> Ebay has (or had ) 10,000 employees? That seems like waaay too much for how generic it is. >>
You would think that would be surprising, but you should see how large Google, Yahoo and Ebay's buildings are in person. I drive past them all when I go up to San Francisco and those places are amazing!
Brian >>
I've been on the Google campus, and it has something like ten cafeterias, and a god-d*mn wave pool! A wave pool! WTF? I've been by Ebay and Yahoo and yeah, they're monstrous. Oh, and by the way, none of the Yahoo employees know how to park...
http://www.flickr.com/photos/tags/ycantpark/
I hope he stays a little while longer.
EBAY's stock should soon be close to single digits.
When I order my new Winnebago, I want to pay cash for it.
gloat
Is this the beginning of the ebay empire crumbling? Maybe ebay would be smart to go back to the old ways with better CS and then a new second site that they are trying to make ebay...call it EbayStores or something stupid like that. At least we could have the old venue with old fashion fees all in true auction format.