Making Tech Headlines · Page 5
eBay Redirects Resources, Employees Receive the Direction
· New York time
eBay plans to cut about 1,000 jobs, described as roughly 9% of its workforce, as CEO Jamie Iannone redirects resources toward faster-growing businesses. Reuters reporting carried by Slashdot says the company also cut about 800 jobs, or 6%, in February. The company has emphasized authenticated luxury goods, collectibles and refurbished products, categories that attract enthusiasts willing to pay more for valued items. Its shares had risen nearly 40% this year, according to the report. Strong market performance and another round of layoffs can therefore occupy the same corporate update. The business assessment is whether concentrating resources improves performance enough to justify the disruption. Calling a business faster-growing identifies management’s priority; it does not make every reduction elsewhere automatically necessary or successful. For employees, the immediate development is considerably more concrete than the strategy language. Jobs are being eliminated while the company rearranges its investment priorities. The corporate map may become more focused, but some of the people who helped draw it will no longer be in the building. An online marketplace can find a price for an astonishing variety of objects. The difficult listing remains “organizational agility,” offered by management with confident photographs and substantial handling costs for the workforce.
Read this story in the full newspaper →Satire. Not factual reporting. Read the original reporting from the linked publishers.