eBay Layoff Rumors True
Those rumors about eBay making layoffs proved true. It’s kissing 1,600 people good-bye, 10% of its workforce. The move, which will save $150 million a year, isn’t supposed to stem from the punk economy, which is admittedly hurting business, CEO John Donahoe said. It’s more institutional and competitive. Traffic on the site is down 11% over the last two years, though revenues this year are expected to be up 17% to $9 billion.
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on Wednesday, October 8th, 2008 at 6:10 pm and is filed under Web 2.0 Portals, Web 2.0 News.
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