02-07-2023 02:45 PM
https://finance.yahoo.com/news/1-ebay-lay-off-500-222104466.html
Feb 7 (Reuters) - E-commerce firm eBay Inc said on Tuesday it will lay off 500 employees globally, representing 4% of its total workforce.
Shares of the San Jose, California-based company rose about 1% in aftermarket trade.
"This shift gives us additional space to invest and create new roles in high-potential areas - new technologies, customer innovations and key markets," said Jamie Iannone, Chief Executive Officer of Ebay in a message to employees.
02-07-2023 02:55 PM
Text of CEO's full announcement can be found here:
https://www.valueaddedresource.net/ebay-announces-layoffs-500-employees-globally/
02-07-2023 03:18 PM
No impact.
02-07-2023 03:20 PM
Unless they have laid off the employees that manage the Community boards, etc, it won't affect me (as a micro-seller) at all.
02-07-2023 03:24 PM
@my-cottage-books-and-antiques wrote:Text of CEO's full announcement can be found here:
https://www.valueaddedresource.net/ebay-announces-layoffs-500-employees-globally/
Thanks for sharing @my-cottage-books-and-antiques !
I'm reserving judgement on what impact it will have on sellers until we get a better idea of which departments are impacted, but seeing some reports that some 10 year+ software engineers are on their way out the door which does not bode well, in my opinion.
02-07-2023 03:34 PM
The eBay Help Center will be moved from the Philippines to North Korea.
It will be renamed the "eBay No-Help-For-Capitalist-Running-Dogs Center."
Many sellers will experience no discernible difference in the level of assistance.
(Just a joke, folks. . ..)
02-07-2023 03:46 PM
As long as it's the employees who keep messing with the listing form and making category changes, I'm good with it.
02-07-2023 04:09 PM
This right here should tell you everything you need to know about how it's likely to impact the broader selling base:
"Today’s actions are designed to strengthen our ability to deliver better end-to-end experiences for our customers and to support more innovation and scale across our platform. They also help us make sure we’re concentrating on where we can make the biggest impact, including expanding Focus Categories,
creating trusted experiences and investing in new technologies.
Importantly, this shift gives us additional space to invest and create new roles in high-potential areas — new technologies, customer innovations and key markets — and to continue to adapt and flex with the changing macro, ecommerce and technology landscape. We’re also simplifying our structure to make decisions more effectively and with more speed"
02-07-2023 04:17 PM
Well....hopefully it stops all the dumb changes just to be changing stuff to justify their jobs.....
02-07-2023 04:35 PM
@valueaddedresource I get the impression he's saying: We are going to double down on our Verticals strategy and our innovative Promoted Listings revenue enhancement project, and we are getting rid of anyone who has doubts about this strategy.
But I could be wrong.
02-07-2023 04:35 PM
This doesn’t seem to even mention sellers. “Customers” is buyer focused. Sellers are not really eBay customers.
I would not be surprised, in the not to distant future, eBay may split in two, at least.
One arm would be the investment, luxury, side. The other arm would be a return to their “garage sale” roots.
Maybe an arm for digital trade. NFTs and such things that are yet to be known.
02-07-2023 04:42 PM
500 employees globally, representing 4% of its total workforce.
@my-cottage-books-and-antiques
Does that not indicate that eBay has 12, 500 employees world wide? (.04x12500=500). Actually, I thought they had more. Missing from the eBay announcement is the CATEGORY of employee that is getting the ax. I would assume they outsource janitorial services, so they don't count. Either do the call center reps. More details should be interesting.
"Thank you for your incredible talent, passion, and achievements to help get us to where we are today. I’m so grateful for the impact that you made at eBay. "
i.e.
Too bad, so sad? Here is your reward?
02-07-2023 04:45 PM
@my-cottage-books-and-antiques wrote:@valueaddedresource I get the impression he's saying: We are going to double down on our Verticals strategy and our innovative Promoted Listings revenue enhancement project, and we are getting rid of anyone who has doubts about this strategy.
But I could be wrong.
@my-cottage-books-and-antiques I don't think that's an unfair impression.
I also took it as "sorry you lost your job, but I need to hire a fancy crypto lawyer for this gimmicky NFT marketplace acquisition I'm stuck with now."
02-07-2023 04:56 PM
You would think the CEO would use a different corporate buzzword playbook for internal comms vs external.
"high-potential areas" kinda sounds like "high value buyers".
And when has any good come from eBay "simplifying" anything? 😂
02-07-2023 08:18 PM - edited 02-07-2023 08:18 PM
@dryophelia wrote:This doesn’t seem to even mention sellers. “Customers” is buyer focused. Sellers are not really eBay customers.
I would not be surprised, in the not to distant future, eBay may split in two, at least.
One arm would be the investment, luxury, side. The other arm would be a return to their “garage sale” roots.
Maybe an arm for digital trade. NFTs and such things that are yet to be known.
💥 I think you just blew my mind. Come sit back here with me...