TITLE

eBay Slashes Employees, Bids on Bill Me Later

AUTHOR(S)
Sadighi, Lalee
PUB. DATE
October 2008
SOURCE
Red Herring;10/6/2008, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article unveils the plan of online auctioneer eBay to lay off about 10 percent of its 15,000 work force. The company said that the layoffs would affect about 1,000 full-time employees and several hundred temporary workers around the world. According to John Donahoe, chief executive officer (CEO) of eBay, the decision to lay off employees was difficult but it will help the company improve its operation and continue its ability to invest and grow. In relation news, eBay agreed to acquire Bill Me Later and two Danish classified advertising companies.
ACCESSION #
36602928

 

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