EBay losing money, 7% workforce axed

Brooker_Dave

techspec wrote: »

Ebay try and retain people?

They paid a fortune to keep the very people who ran it into the ground:

"eBay execs get millions to stay, after announcing that they're leaving"

"When news hit that several eBay EBAY 7.05% executives who planned to resign after the PayPal spinoff would be treated to millions of dollars in bonus pay, no one seemed to know what the compensation was for. Was it severance, a last ditch effort to keep them on board, or was it a “Carl Icahn was right after all” commiseration bonus?"

"The “payments” apply to five senior executives who, eBay stated, were “moving on after the split, not being terminated.” The departing execs include CEO John Donahoe, CFO Bob Swan, Senior Vice President and General Counsel Michael Jacobson, Senior Vice President of Global Human Resources Beth Axelrod, and Senior Vice President of Corporate Communications Alan Marks. While eBay has estimated that Donahoe could receive around $23 million and Swan around $12 million, it has not offered a total potential cost of the “resignations.”"

PETIE

Let it burn and die, what it deserves for the way it treats it's sellers

YoJoJo

PETIE wrote: »

Let it burn and die, what it deserves for the way it treats it's sellers

Errrrr, no thank you! It's hard work and a PITA at times but if it goes, so does my means of working from home, while bringing up two small boys.

soolin

PETIE wrote: »

Let it burn and die, what it deserves for the way it treats it's sellers

Much as I desperately hope for there to be a real alternative soon- I wouldn't want ebay to go just yet. I am still making real money and would miss having to find something proper to do instead.