Ebay job cuts

[Grumpmeister]

1000 redundancies  10000 staff?? Bloody hell what did they need that many employees for? 

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."

[Nick]

That is weird.It should run itself with one sort of geek in his bedroom keeping an eye 

[Grumpmeister]

1 person wouldnt be able to run the entire global system and keep it operational. I would have thought a staff of 50-100 people. But 10,000? Even with all their acquisitions such as skype I can't even begin to fathom why they had so many.

[Nick]

Perhaps they were all  and the MD had a roving eye

[Barman]

Perhaps they won them in an auction like...?

[Nick]

Perhaps you should lie down

[Bar Wench]

My not buying stuff clearly has further reaching consequences than I though! 

[Uncle Mort]

That is weird.It should run itself with one sort of geek in his bedroom keeping an eye 

Jamie Theakston must read this site. He said the same on Heart Breakfast this morning.

[Nick]

I may have to sue him (who is Jamie Theakston?)

[Uncle Mort]

FFS 

[Grumpmeister]

My not buying stuff clearly has further reaching consequences than I though! 

Madame Tatterfly, the Ebay destroyer