eBay tells 1,000 employees their days at company are numbered Tat bazaar eBay is laying off 1,000 employees, or 9 percent of the workforce, claiming that general hiring and overhead costs are outpacing the wider commercial growth of the company. In a memo to workers via the corporate blog, eBay president and CEO Jamie Iannone claimed that the current strategy deployed at the business is …
How many people does an online jumble sale need?
A few BOfH, a couple of PFYs, some heavies to go round and deal with anyone who complains, some lawyers to deal with aftermath of previous
Certainly not (100/9) * 1000 employees
Probably not a huge amount on the pure "tech" side, however given they sell in many countries & so a lot of different rules apply with respect to trading & financial services (maybe financial service rules a reason they made eBay less wholly PayPal reliant? Just a guess as I have never worked at eBay but the dropping PayPal like a hot potato move did seem mike it might be based on regulatory framework implications) and so need plenty of staff to keep on top of that and ensure relevant legislation is followed in what eBay does (e.g. in UK, will soon need to give your NI number if you make income from selling tat online, so eBay will have to implement that* )
* they may have already, I tend to donate stuff to charity rather than flog it on eBay so use the site rarely, mainly to buy old no longer manufactured things that are hard to obtain outside of eBay (or similar) or scouring charity shops.
People must be out of their mind supporting these big corporations with their labour.
But if there is no alternative for some, then that's understandable. People gotta eat.
That said, never ever do more than minimum required. In fact do as little work so that your manager is upset, but not to the point they'll have to sack you. It's a fine balance to strike, but it's the only way to get best value for your time spent slaving away.
More than a quarter of a million people in tech lost their job last year across the globe.
A meaningless statistic without knowing how many found new jobs (around 90% according to a quick Google), and how many new jobs were created in other businesses. 250k is peanuts in global terms, although it's obviously irritating if you're one of them.
This?
El Reg has rarely encountered cost-cutting programs that improved anything but the bottom line for the short term.
got me shaking my head. Perhaps this might be closer to the truth
El Reg has rarely encountered cost-cutting programs that improved anything but the golden parachutes of the C-Level execs
who won't be around for when it all goes TITSUP and the stock price crashes.
The reaction to covid caused a lot of economic changes/issues and now the world is getting back to normal things are rebalancing. This is part of the cost from lockdowns and restrictive policy. Some think it is worth the cost, others dont, but it is the consequences of those actions. Real people are affected by them.
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