eBay to Cut 9% of Workforce

erek

erek

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"eBay plans to cut about 1,000 jobs, or 9% of its workforce, as CEO Jamie Iannone moves to redirect resources toward the company's fastest-growing businesses. Reuters reports:The company had 12,300 employees at the end of last year. It also let go about 6% of its workforce, or 800 employees, in February as part of efforts to streamline operations. EBay has set itself apart from rivals by pushing into authenticated luxury goods, collectibles and refurbished products, which draw enthusiasts willing to pay more for valuable items. That has helped its shares rise nearly 40% this year, outperforming the benchmark S&P 500's around 12% gain.

"Our strategy is working," Iannone said in the memo, adding that "continuing to capture the significant opportunity ahead requires us to make thoughtful choices about where we focus and invest." He said affected staff would be informed in the coming days."
Source: https://slashdot.org/story/26/10/21/2040246/ebay-to-cut-9-of-workforce
 
I like eBay alot good place to buy forgotten relics that people claim is junk. Just picked up two Artograph prism projectors for dirt cheap and a table stand gave my other projectors to goodwill.
 
Mazzspeed said:
I loved EBay when I could buy cool second hand tech bargains. These days it's full of EBay stores peddling Chinese junk, and the tech bargains have all but disappeared - I'm no longer interested.
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you got to check "ships from USA" or "ships from north america".

similar to how you have to do on Newegg if you still browse there.
 
I sell through them, only because there is nowhere else.
You can't even buy or sell high priced electronics without them holding your funds.
They also apparently now redirect high priced packages for pickup only, if you aren't there to receive the delivery.

For awhile they had dozens of classified listings where people were just scamming others. They made no money on it so I can only imagine they were only trying to put Craiglist and Fakebook Marketplace out of business. They finally killed off that fraud nightmare.

Also, they removed the ability to report fraud.
They removed the ability to leave feedback on bait and switchers who cancel auctions or try to commit fraud, if the seller refunds the money.
They automatically give postive feedback on high priced items once it is delivered... apparently unless you're a low volume seller.

Everything is automated.
 
Ahh ok, that makes sense. I was wondering what was up with the recent prices. Luxury goods.
IMG_9784.jpeg
 
d3athf1sh said:
you got to check "ships from USA" or "ships from north america".

similar to how you have to do on Newegg if you still browse there.
Click to expand...

That only blocks the drop shippers who'll use a slow boat that takes a month to cross the ocean. The ones that work closer to conventional merchants and stage their product in the US(, etc) for faster delivery will still be out there.
 
are closed said:
How so? I often order through them.
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It's not dead but probably should be. Most of the time you see lower prices on Amazon which means I rarely use Ebay nowadays. Not only that but Ebay's return policy is absolute trash. Sellers can screw buyers and you depend on everyone being honest. You can't contact Ebay because they already had a skeleton crew, and with another 1k jobs gone, it's a wonder how Ebay's servers don't just crash and burn?
 
It became too expensive as a seller.
I occasionally purchase but I don't sell anything there anymore...fees are simply too high.
While we're at it...
Why are there sales tax applied to the sale of second-hand items?
I realize that is not e-Bay but...
The original owner has already paid the sales tax at initial purchase.
 
Saabjock said:
It became too expensive as a seller.
I occasionally purchase but I don't sell anything there anymore...fees are simply too high.
While we're at it...
Why are there sales tax applied to the sale of second-hand items?
I realize that is not e-Bay but...
The original owner has already paid the sales tax at initial purchase.
Click to expand...

Because a sales tax is applied every time there's a sale. It's not like a VAT where there'a a higher rate and a refund scheme so that each part of the whole is only taxed once.
 
Saabjock said:
Why are there sales tax applied to the sale of second-hand items?
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I think taxes are applied each time there is a transaction. No matter if item is new or used.

Ebay is still great for some stuff you can't otherwise buy at the store at a reasonable price. Also, it's better than amazon when you have to buy little stuff and can't get over $35 limit to have free shipping.
 
d3athf1sh said:
you got to check "ships from USA" or "ships from north america".

similar to how you have to do on Newegg if you still browse there.
Click to expand...
^^ This. Ebay is not what it once was, but these clicks filter out a lot of riff-raff.

You can still score on old electronics. I picked up several Titan Xps for $131 each, but I had to troll for 3 months to get it. Could have bought them at $180 all day and all night. Haven't sold on Ebay in ages.
 
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Saabjock said:
Why are there sales tax applied to the sale of second-hand items?
I realize that is not e-Bay but...
The original owner has already paid the sales tax at initial purchase.
Click to expand...
The laws are all over the place on this. I would assume it varies by state and much of it is on the honor system. For me, looking at Texas laws, you are only exempt from charging sales tax if you are an individual, selling only a couple things a year. Every thing else is legally supposed to be charging sales tax or needs a valid tax exemption. Do people do this in practice? Of course not. But as a very large corporation that is easy targeting for a state Attorney General that needs a win for campaign season…don’t take chances. Plus the brick and mortar stores in their districts are breaking down their back to protect them from online commerce.

EDIT: selling things over and over again in order to trigger residual tax collections is a popular economic theory. It’s part of the general theory of keeping income tax low so that people are tempted to spend that money which allows it to trigger multiple kinds taxes down the road.
 
erek said:
"eBay plans to cut about 1,000 jobs, or 9% of its workforce, as CEO Jamie Iannone moves to redirect resources toward the company's fastest-growing businesses. Reuters reports:The company had 12,300 employees at the end of last year. It also let go about 6% of its workforce, or 800 employees, in February as part of efforts to streamline operations. EBay has set itself apart from rivals by pushing into authenticated luxury goods, collectibles and refurbished products, which draw enthusiasts willing to pay more for valuable items. That has helped its shares rise nearly 40% this year, outperforming the benchmark S&P 500's around 12% gain.

"Our strategy is working," Iannone said in the memo, adding that "continuing to capture the significant opportunity ahead requires us to make thoughtful choices about where we focus and invest." He said affected staff would be informed in the coming days."
Source: https://slashdot.org/story/26/10/21/2040246/ebay-to-cut-9-of-workforce
Click to expand...
Now I have to find out what eBay was doing that they needed over 12,000 people to do it...
 
DukenukemX said:
It's not dead but probably should be. Most of the time you see lower prices on Amazon which means I rarely use Ebay nowadays. Not only that but Ebay's return policy is absolute trash. Sellers can screw buyers and you depend on everyone being honest. You can't contact Ebay because they already had a skeleton crew, and with another 1k jobs gone, it's a wonder how Ebay's servers don't just crash and burn?
Click to expand...
Sad. At one time I was a real regular on eBay for used photo gear, and some "hobby" collectibles. That was so then. Now people throw so much shade at them that i it must seem like the dead of night.
 
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