125 Get Pink Slips as eBay Restructures
Monday, March 24, 2008
Company says cuts will facilitate operational streamlining
While we were away enjoying some Easter fun, a number of stories broke in and around the auction world, none bigger than the announcement by eBay that it is cutting 125 jobs in Europe and North America. The move is part of a restructuring that will allow the auctioneer to streamline operations, according to a widely circulated story by the Associated Press.
The job cuts are needed to free up finances so the company can make a number of consumer-friendly improvements to its website, Jose Mallabo, an eBay spokesman, told the AP. Some of the employees worked for PayPal, eBay's online payment service.
"It's more of a streamlining, particularly on the customer service front," Mallabo said.
"A story about layoffs at eBay should have made clear that the company took the step as part of a reorganization, not as a cost-cutting measure." That was the kicker to a headline of the story as it was reported Friday in The Mercury News, the newspaper of record for eBay's San Jose, California hometown.
The cuts represent less than 1% of eBay's 15,000 worldwide employees. They come as John Donahoe prepares to take the helm from outgoing Chief Executive Meg Whitman, who will retire Monday.
Other eBay news:
The company announced today a new policy regarding digital downloadable wares. "All goods that can be digitally downloaded or transferred electronically must be listed using the Classified Ads format," Brian Burke, Director Global Feedback Policy, posted in the company's announcements page.
While we were away enjoying some Easter fun, a number of stories broke in and around the auction world, none bigger than the announcement by eBay that it is cutting 125 jobs in Europe and North America. The move is part of a restructuring that will allow the auctioneer to streamline operations, according to a widely circulated story by the Associated Press.
The job cuts are needed to free up finances so the company can make a number of consumer-friendly improvements to its website, Jose Mallabo, an eBay spokesman, told the AP. Some of the employees worked for PayPal, eBay's online payment service.
"It's more of a streamlining, particularly on the customer service front," Mallabo said.
"A story about layoffs at eBay should have made clear that the company took the step as part of a reorganization, not as a cost-cutting measure." That was the kicker to a headline of the story as it was reported Friday in The Mercury News, the newspaper of record for eBay's San Jose, California hometown.
The cuts represent less than 1% of eBay's 15,000 worldwide employees. They come as John Donahoe prepares to take the helm from outgoing Chief Executive Meg Whitman, who will retire Monday.
Other eBay news:
The company announced today a new policy regarding digital downloadable wares. "All goods that can be digitally downloaded or transferred electronically must be listed using the Classified Ads format," Brian Burke, Director Global Feedback Policy, posted in the company's announcements page.
posted by Chris and Frank at 5:00 AM
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