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EBay To Lay Off About 500 Employees Or 4% Of Its Workforce
(RTTNews) - In a message to employees, e-commerce company eBay, Inc.'s (EBAY) CEO Jamie Iannone said he will be eliminating about 500 employees from their jobs over the next 24 hours. This number represents about 4% of the company's total employee base.
Iannone stated that, "To create long-term, sustainable growth for eBay, we need to evolve our organization as we take the next step in our strategy — focused on driving growth, building a trusted marketplace, empowering enthusiasts and seeding new technologies for the future."
"Today's actions are designed to strengthen our ability to deliver better end-to-end experiences for our customers and to support more innovation and scale across our platform," he added.
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EBay To Pay $3 Mln Criminal Penalty For Corporate Cyber-stalking Campaign
ecommerce company eBay, Inc. has agreed to pay a criminal penalty of $3 million to settle charges related to a corporate cyber-stalking campaign in August 2019 that targeted a Massachusetts couple in retaliation for their online newsletter coverage of eBay.
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975 days ago
EBay Launches New Luxury Consignment Service
eBay, Inc. (EBAY) announced Tuesday the introduction of a new consignment service, giving users direct access to expert sellers who will list and sell their luxury items on their behalf.
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1097 days ago
EBay To Acquire TCGplayer For Up To About $295 Mln
eBay Inc. (EBAY), a global commerce company, and TCGplayer, a trusted marketplace for collectible card game enthusiasts, announced they have entered into an agreement for eBay to acquire TCGplayer for a total deal value of up to approximately $295 million.
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1483 days ago
U.S. Dollar Ticks Higher Amid Inflation Data Release, Expectations Of Reopening Of Strait Of Hormuz
The U.S. Dollar value inched higher as investors weighed today's inflation data that pushed the odds for a rate hike in the U.S. higher against reports of an upcoming meeting between the Gulf Cooperation Council nations and Iran to hasten the reopening of the Strait of Hormuz.
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1 day ago
TSX Climbs On Tech Rally, Looks Set To End 6-day Losing Streak
The S&P/TSX Composite Index rose 0.36% Friday to 35,634.50 as technology stocks surged 3.5%, contributing significantly to gains. Oil prices fell following International Energy Agency's downward global oil demand forecast revision.
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1 day ago
Swiss Market Ends Modestly Higher
The Switzerland stock market closed modestly higher on Friday, in line with markets across Europe, as a sharp drop in oil prices helped lift sentiment.
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1 day ago
European Markets Rise As Oil Prices Fall On IEA Demand Cut
European markets gained ground Friday after the International Energy Agency cut its global oil demand forecast, sending Brent crude futures down 3.5% to $103.50. The IEA now projects world oil demand will drop 2.5 million barrels per day this year versus its prior estimate of 1.6 million bpd.
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1 day ago
U.S. Consumer Sentiment Deteriorates Much More Than Expected In September
A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index slumped to 47.8 in September after tumbling to 51.7 in August. Economists had expected the index to edge down to 51.0.
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2 days ago
