Yahoo is expected to layoff between 1,000 to 3,500 on Tuesday when it reports its third-quarter earnings. The number of layoffs varies depending on the source - one source told me that the company plans to layoff of up to 10% of its 14,300 employees. In January of this year Yahoo laid off 1328 people employees.
The deteriorating economic environment has had a great impact on Yahoo since most of Yahoo’s revenue comes from display advertising and CPM rates are dropping. The influx of 400 or so ad networks specializing in practically every verticial have More»

Labels: eBay, google, lay offs, Yahoo

Bloomberg is officially reporting the layoff at eBay. Here is an abbreviated version of the original post.
EBay which has almost doubled its staff since 2005, will cut 10 percent of its workforce …
The firings will affect 1,000 employees and several hundred temporary workers, San Jose, California-based EBay said today. EBay is expanding its payments unit, which now contributes 28 percent of revenue, after reporting its slowest revenue growth in July since selling shares to the public in 1998.
“We’re investing More»

Labels: eBay, layoffs

The anticipated domain names of the recently merged Bank of America and Merrill Lynch are for sale on eBay. Website addresses bofalehman.com, bankofamericamerrilllynch.com, and bofaml.com have all been registered as potential domain names of the merged entity and are being auctioned off to the highest bidder. Clearly, the cybersquatter’s hope is to make a killing by selling the domain name(s) to the merged banks. But until then, the registrant is cashing in by running Google ads on the sites and redirecting traffic to eBay.
Lesson to those in M&A:
“It shows how there are opportunists More»

Labels: Adsense, cybersquatting, eBay, google, Online Advertising

HP has announced yesterday plans to layoff 24,600 employees over three years as part of its acquisition of EDS. The workforce reduction represents approximately 7.5 percent of the combined company’s workforce with nearly half of the layoffs occurring in the U.S. The company anticipates an annual cost savings of approximately $1.8 billion as a result of the restructuring program.
“HP now has the broadest technology capabilities in the market to meet customer needs today and in the future,” said Mark Hurd, HP chairman and chief executive officer. “HP has a strong track record of making More»

Labels: eBay, HP, layoffs

Barrons is reporting that eBay’s business is deteriorating and that the company is planning to layoff approximately 10% of its 15,000 employees. Many of “Meg Whitman People” are retiring. Rajiv Dutta, president of Paypal is gone and Bob Kagle, the Benchmark venture capitalist who has been on the Board from the beginning, stepped down from the Board in June, another indication that something major is happening.
The Independent Association of Online Merchants said that it would be interesting to compare the severance packages of “regular employees” and managers with those of eBay’s top executives.
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Labels: eBay, layoffs

Hoping to renew growth, boost inventory and ultimately revenue eBay is courting fixed priced sellers a model Amazon has been operating successfully.
Tomorrow eBay will announce plans to slash the upfront fees it charges to list sale items by as much as 75%, while increasing its final sales commission. eBay makes about has traditionally made as much as 60% of its shopping revenue from upfront fees—levied regardless of whether an item sells. The structure encouraged more sellers to list items for auctions, which at least guarantee a sale, than for fixed prices.
eBay is rapidly moving away More»

Labels: Amazon, eBay

eBay announced that it has acquired a small company called VUVOX (pronounced “view-vox”) to help further develop rich media capabilities in the eBay marketplace. At first glance, the integration of VUVOX into eBay is aimed at creating an enhanced customer experience using the personal media tools and applying them to listings and pages on ebay.com. VUVOX focuses on allowing users to produce and share personal media including video, photos and music. Terms of the deal were not disclosed although EBAY did announce the VUVOX team would be hired as eBay More»

Labels: eBay, social media

eBay announced the launch of a new services for sellers and developers. The services expand the reach for sellers with a new platform, new APIs and a new way for to get in front of eBay sellers.
The new platform initiatives are significant in that they enable developers even more opportunities to make more money with eBay. The program gives developers access to all the data that eBay’s existing online app for medium- and large-scale retailers. EBay estimates that their developer program currently has 70,000 members who have created approximately 12,000 live applications.
“We’re announcing opening More»

Labels: API, Community Marketing, developers, eBay, online services

Starting June 17, 2008, eBay Australia plans to allow only PayPal as the acceptable form of payment for all transactions on eBay. Hence the Australian Competition and Consumer Commission (ACCC) invited interested parties to submit comments on the move by eBay.
Approximately 700 submissions have been made to date. One of the submissions contained a 38-page report requesting that the ACCC ban eBay from the action under the Australian Trade Practices Act.
The document went on to say “ More»

Labels: Checkout, eBay, paypal

craigslist v eBay Complaint (SF Superior Court) - Upload a doc
Read this doc on Scribd: craigslist v eBay Complaint (SF Superior Court)

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Labels: Craigslist, eBay, Online Advertising