eBay announces job cuts

eBay has said it is laying off 10% of its workforce, as part of a move to streamline the business.

The amount is approximately 1,000 staff and hundreds of temporary workers. It is also expected a number of "open" positions will now be closed.

The firm hopes to cut costs and strengthen the organisation and its competitiveness. EBay - which already owns online payment firm Paypal - has signed an agreement to buy Bill Me Later for $820m in cash and $125m in options.

"PayPal and Bill Me Later belong together," said eBay president and chief executive John Donahoe in a statement.

View: eBay

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10 Comments

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Are you jumping up and down to take a pay cut so your company can keep another person on the job? I love how you expect him to do it, but I'm sure you're not even thinking about doing it yourself.

Before you jump up with the "but he makes $XX Million a year!" argument compare your salary to those we outsource to in India, Bangladesh, and related cheap labor markets. I'm sure they consider the middle class salary that's common to be as exuberant as we consider CEO pay.

(Frazell Thomas said @ #6.1)
Are you jumping up and down to take a pay cut so your company can keep another person on the job? I love how you expect him to do it, but I'm sure you're not even thinking about doing it yourself.

Before you jump up with the "but he makes $XX Million a year!" argument compare your salary to those we outsource to in India, Bangladesh, and related cheap labor markets. I'm sure they consider the middle class salary that's common to be as exuberant as we consider CEO pay.

That's a pretty bad analogy as neither we nor John live in any of those locales, we're all here in the US. Therefore to compare our salaries to theirs without taking into account cost of living is pretty simple-minded.

Also, why should of the employees have to take a pay cut when it's not theirs, but the ceo's job to make sure the company is profitable enough to keep the employees they chose to employ.

"PayPal and Bill Me Later belong together," said eBay president and chief executive John Donahoe in a statement.

OK. I'll stick with Amazon. I've used Ebay previously, but now I think Amazon is much better. Plus, they get nice pre-order stuff which you can get for a lot less money than the original release price.

(atari800 said @ #1.1)
Hehehehe... I was expecting the ineffective management keywords of "paradigm" and "segway" to be in here myself.

Segway is a brand of two wheeled vehicle. Segue is a smooth transition from one topic or section to the next.

(Kirkburn said @ #1.2)
Segway is a brand of two wheeled vehicle. Segue is a smooth transition from one topic or section to the next.

Good man! I was about to berate him for that one myself.