eBay to slash workforce by 1,000

Online auction website eBay has said it is to lay off 1,000 employees, which is 10% of its workforce, as part of a move to streamline the business.

Many hundreds of temporary workers are also at risk of losing their jobs in the cutbacks.

As it announced the job cuts, eBay also said it had gone on the acquisition trail, buying online payments site Bill Me Later.

EBay also said it had bought two Danish classified advertising websites.

It is paying $390m for dba.dk and vehicles site bilbasen.dk.

EBay - which already owns online payment firm Paypal - has signed an agreement to buy Bill Me Later for $820m in cash and $125m in options.

"PayPal and Bill Me Later belong together," said eBay president and chief executive John Donahoe in a statement.

"We now have a powerful combination of the two leading, complementary online payment products, each with proven benefits for consumers and online merchants."

7 Comments

Damn, i think they misheard me. I told them to slash their FEES!

Original Poster

"PayPal and Bill Me Later belong together," said eBay president and chief … "PayPal and Bill Me Later belong together," said eBay president and chief executive John Donahoe in a statement."We now have a powerful combination of the two leading, complementary online payment products, each with proven benefits for consumers and online merchants."



This is the bit that concerns me, they are going to get too big, and control the payment schemes of the internet. There is no point ebid trying to compete, if they start muscling in too much, ebay will just buy them out as well.

There is only one hope to stop ebay, Google Bid and Google Checkout

cut fees ftw!*








*Never gonna happen but wishful thinking none the less lol.

eBay's online auction arm is struggling as there's a lot of specialist auction sites with better tarifs starting up all over the place and its killing eBay. eBay know's its in trouble and so it will interesting to see what happens next. They are expanding into new areas but I wouldn't be surprised if someone else big came in to gobble them up.

Online auction website eBay has said it is to lay off 1,000 employees, … Online auction website eBay has said it is to lay off 1,000 employees, which is 10% of its workforce



Well that explains a lot, I think you know what i'm saying ;-)

What a joke. They are bad enough at handling their work load just now. Fleabay is a total joke.

They actually have more than 1,000 employees? I thought the place was ran by monkeys.
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