Home
eBay cuts back its workforce after auction slowdown
Washington DC News.Net
Monday 6th October, 2008
EBay will cut 10 per cent of its work force after a slowdown in its main web auctions business.
Shares of eBay have fallen by as much as 12 per cent, causing eBay to announce the job cuts and the intention to spend about $US1.3 billion to buy other online-classifieds companies.
eBay has purchased the Bill Me Later company, which offers consumers deferred payments and financing promotions, to hopefully improve its scope.
Chief executive John Donahoe said the company would also put resources into its auctions business and concentrate more on higher-growth areas like PayPal and classifieds.
 Email this story to a friend
Comments on this story
feebayhaha
10-07-08, 12:01 PM |
eBay cuts back its workforce after auction slowdown
the predicted slow death by many!
|
Have your say on this story
|
 |
 |
- Suspected U.S. airstrike kills six people in Pakistan
Kabul, Nov.20 : At least six insurgent fighters have been killed and several others wounded following a suspected U.S. airstrike deep inside Pakistani territory on Wednesday, the Washington Post quoted a Pakistani security official as saying. [read story]
- Your mobile can now keep track of your fitness regime
Washington, Nov 20 : Fearing you won't be able to keep track of your workout sessions during the holiday season? Well, in that case, scrap all your worries, for cell phone software has been developed that can help people maintain their exercise routine and keep the pounds off over winter months. [read story]
- David Hasselhoff's globe has only his images on it!
Washington, November 20 : Former 'Baywatch' actor David Hasselhoff has had a globe made with his pictures - to interpret his impact on the world. [read story]
- Biomarkers of aging identified
Washington, Nov 20 : In a first of its kind study, scientists at the Buck Institute for Age Research have uncovered biomarkers of aging, which can predict both chronological and physiological age. [read story]
- Hugh Jackman's wife is fed up with hubby's gay rumours
Washington, November 20 : Deborra-Lee Furness, wife of Aussie actor Hugh Jackman, has reached the point of exhaustion owing to her hubby's gay rumours that have haunted him throughout his career. [read story]
|
|
 |
 |
|
|
