Layoffs
Layoffs could be in the cards for struggling eBay
A Barron’s article is circulating the rumor that online auction house eBay is preparing a large round of layoffs that could slice 10% of the company’s 15,000 employees. The original source of the rumors seems to be Wall Street research firm Wedge Partners who writes that eBay’s business is “deteriorating” due to seller discontent.
[...] to a TechCrunch article, in addition to laying off employees eBay has now hired Deutsche Bank to help it unload StumbleUpon. eBay bought the time-killer site [...]
[...] down at eBay tomorrow. Rumors have been flying around for a few weeks since Wall St. research firm Wedge Partners predicted the move by the company. The Valleywag sources says that “marketing and product” and ” all of the [...]