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Public Wire

eBay layoffs coming Monday? [Rumormonger]

I've long wondered why a largely-automated site like eBay needs to employ 15,000 people. Soon it might not. In September, research firm Wedge Partners said eBay needed to cut 10 percent of its workforce. Now a tipster tells us such "big deep cuts" may come as early as Monday. Our unverified source reports that "marketing and product" and " all of the horizontal support is at risk." If the axe doesn't drop Monday, it "will be done by earnings call on the fifteenth." What's gone wrong? eBay selle....

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on Oct 04, 08

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