-->
-
The auction website eBay announced that it will layoff 10% of its global workforce on Monday, October 6, 2008. The company said the laying off 1,000 employees was an effort to streamline its business. Additionally, eBay also announced that is was acquiring the payment business Bill Me Later for $820 million and the Danish classifieds website dba.dk for $390 million.CNNMoney Ebay to Trim Global Workforce by 10% (October 6, 2008)
-
Fast Facts
- A Barron's article released on September 15, 2008, sparked rumors of a possible mass-layoff of eBay employeesBits: Silicon Valley Layoff Watch, Is eBay Next?
- Barron's discussed eBay trading at five year low"Barron's">Barron's: Why eBay Shares Trade Near Five Year Low
- eBay announced layoffs of 10% of workers on October 6, 2008CNNMoney Ebay to Trim Global Workforce by 10% (October 6, 2008)
- eBay also bought Bill Me LaterCNNMoney Ebay to Trim Global Workforce by 10% (October 6, 2008)
- eBay is based in San Jose, CaliforniaBits: Silicon Valley Layoff Watch, Is eBay Next?
-
Silicon Valley Layoffs
- On September 15, 2008, Hewlett-Packard announced plans to cut 25,000 jobs over the course of three years.
- Lehman Brothers announced plans to cut 1,300 jobs at the beginning of 2008. On September 15, the 158-year-old investment service filed for Chapter 11 Bankruptcy.
-
Ebay Layoffs Background
An article that appeared in the September 15, 2008 edition of Barron's sparked rumors that Internet auction house eBay will soon join Silicon Valley companies Hewlett-Packard and Lehman Brothers in mass layoffs. At the time, eBay refused to comment on the rumor, analysts estimated that the layoffs could effect up to ten percent of eBay's workforce to cut around 1,500 jobs.Bits: Silicon Valley Layoff Watch, Is eBay Next? -
- View History
- Discuss on the Message Board
- Embed this Page
-
Share this page
-
-
The Mahalo Top 7
-
CNNMoney Ebay to Trim Global Workforce by 10%
money.cnn.com (October 06, 2008) -
CNET News: Ebay Buys Bill Me Later, Lays off 1,000
news.cnet.com (October 06, 2008) -
WSJ.com: Ebay to Buy Sites, Cuts 10% of Global Work...
online.wsj.com (October 06, 2008) -
Bloomberg.com: Ebay will cut 10% of Jobs As Auction Growth...
bloomberg.com (October 06, 2008) -
ZDNet: Ebay Doubles Down on Payments as...
blogs.zdnet.com (October 06, 2008) -
The New York Times: Ebay cuts 10 of Work Force
nytimes.com (October 07, 2008) -
Wired: Ebay to Drop 1,000 Employees, Picks up Two New...
blog.wired.com (October 06, 2008)
-
CNNMoney Ebay to Trim Global Workforce by 10%
-
-
EBay Layoffs on Twitter Powered by Twitter
-
EA is laying people off... and they keep mentioning eBay layoffs.... salt in wound people... salt in wound.
@_Lavaland_ | November 10, 2009 07:30 AM -
eBay Layoffs: Fewer Than 60, Company Says draft , Slurp ) Copy this whole post to another site... http://bit.ly/1qOl6y #gay #news
@reeuq | November 09, 2009 10:50 AM
-
-
-
Questions and Answers About EBay Layoffs | View All | Ask a Question
View All EBay Layoffs Questions (225) | Ask a QuestionHistory of AOL Layoffs (2 Answers)Boomtown announced on January 28, 2009 that AOL, which is one of Time Warner online units, is cutting 700 employees, approximately 10 percent of its workforce. Most of the layoffs ... read moreConsidering all the layoffs recently at General Electric, was a Super Bowl ad a wise use for resources? (4 Answers)The fact that GE owns NBC, and NBC took in a very large amount of money from this year's Super Bowl definitely answers the question. "Yes" NBC made a killing ... read moreAny eBay users here part of the ebay bucks program? (1 Answer)I have been a part of the eBay bucks program for many months. Although it does give you some cashback, it is not much. The cashback rate is 2%. I ... read moreWhat are you selling on eBay? (1 Answer)My used college school books. I need cash for next semester. read more
Ask a Question about EBay Layoffs 140 characters
