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In a notice to the California Employment Development Department, eBay said that it plans to slash nearly 300 jobs from Bay Area locations by July 20. The company, which called the cuts a “mass layoff,” said that it informed those being laid off at the end of June, according to The Mercury News, which obtained a copy of the notice. The layoffs will span eBay’s locations in San Jose, San Francisco, and Brisbane, according to the report. The San Jose office has been affected most by the layoffs, with 224 of the cuts coming to that location.
The online auction site’s decision comes after eBay has been experiencing some problems in its business. While the company’s revenue was up to $9.6 billion last year from $9 billion in the prior year, it took a loss of $1 billion. In the first quarter of this year, eBay’s profits slipped 60.7% year over year to $407 million.
In online retailing, there can be only one.
(Score: 2) by RS3 on Saturday July 21 2018, @04:31PM
Look, argue with me all you want to. People love to get into these stupid flame wars, arguing within narrow-walled containers, point-to-point.
The article is about ebay laying people off because they're losing market share, and I'm just commenting on my personal experience and preferences, and how I use ebay less and less because of factors in that experience. Argue all you want, but in the end, I get to choose. If ebay wants more of my business, I want more of a real, live dynamic auction experience. I know there are silent auctions; I don't participate in them. It's my preference and choice.