eBay to Cut 10% of Jobs
Written by Becypher on October 6th, 2008 in Linked News.
EBay Inc plans to cut its work force 10 percent and sees third-quarter revenue hitting the low end of its forecast, though profit will exceed expectations, the online auction Web site said on Monday. EBay also said it would spend more than $1.3 billion to buy companies that bolster its online payments and classifieds businesses as it seeks to improve its performance in a weak U.S. economy.Its shares fell 2.6 percent in premarket trading after rising as much as 2 percent immediately after the announcement.EBay, which has faced slower growth in its core auction business over the last few years, said it will buy the Bill Me Later payments service for about $820 million in cash and $125 million in options. The business offers consumers deferred payments and financing promotions.
News here.
I think the eBay top honcho should look at its lazy and robotic customer support group. You know, eBay has this CSR who just copy and paste their answers from a ready set of answers. That’s why in clarifying some things with them, eBay users don’t get much from the correspondence. This guy is right, incoherent is the friggin word. I say to eBay, in cutting jobs, look at these lazy lads.
And by the way, they suspended my eBay account for having been connected or related to my cousin’s sister’s brother in law’s nieghbor’s friend’s mother who happen to have a problematic eBay account.
Crazy!
Tags: Linked News, ebay












October 31st, 2008 at 1:08 am
Very nice blog and website