eBay Is Conducting a 'Mass Layoff' In the Bay Area (mercurynews.com)
eBay is planning to slash nearly 300 jobs from Bay Area locations by July 20, calling the cuts a "mass layoff." Those being laid off were informed at the end of June, reports The Mercury News. The San Jose-based company estimated that it would eliminate 224 jobs in San Jose, 41 in San Francisco, and five in Brisbane. From the report: "This action is expected to be permanent," eBay stated in the Employment Development Department filing. "No affected employee has any bumping rights." Over the one-year period that ended in March, eBay lost $1.64 billion on revenues of $9.84 billion, according to information posted on the Yahoo Finance site. During the first quarter that ended March 31, eBay earned $407 million on revenues of $2.58 billion. Compared to the year-ago first quarter, profits were down 60.7 percent and revenue rose 12 percent.
It's a scaled up beanie baby store - how do you actually lose money with that market share? If I was CEO I think I would just find 100 of the best and brightest to run it, fire all the deadwood and make bank - hope more layoffs are coming!
I stopped using eBay because of PayPal. I've not ever considered returning because of Amazon.
no news here, move on
they're practically a bookie. They don't operate much of anything, they're a middle man. And they take 8-15% of gross. Are they losing that much to fraud? They don't have any crazy tech initiatives, and they sold off Paypal. They had almost $10 billion in revenue and spent $11 billion. What the devil did they do with all that money?
Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
It's Christmas in July
If beginning to rip off their customers with flat 10% fees had anything to do with it? There are cheaper and better alternatives and they refused to keep up with the times. eBay is gonna go away like Blockbuster, Toys R Us, and anyone else who refused to change with the times.
Have you all seen the goddamn fees to use ebay? It's a disgrace.
Maybe people are using it less? I try to avoid selling on there absolutely as much as possible.
(Note: Australian here, being scammed on ebay seems far less likely than in the US)
Maybe if their site didn't lock up my browser for 2 minutes, while it loades God-Knows-What, everytime I go to my watch list I'd actually use the site more. It didn't use to do that.
I used to think EBay was the greatest thing until they got greedy and began to negatively punish sellers and almost always side with customer on disputes.
Its not worth it to sell on Ebay and the sellers either charge too much or they offer little compared to retail stores
That's what happenes when you dicks charge an arm and a leg to used stuff and screw the seller completely. It turns into an online store which you can't compete with Amazon.
I used to do a lot of shopping through eBay. One day PayPal froze my account. No idea why. I lost several hundred dollars in it. They made it so difficult to activate I just gave up and stopped using eBay altogether. I haven't shopped there for years.
At the time they scum at eBay and PayPal no doubt couldn't give a shit. And they got to keep my money.
I'm no the only one. There are many stories on the net and man web sites dedicated to people screwed over by eBay and PayPal. Corporate knew about this but they ignored us.
Well now the chickens come home to roost. To those laid of eBay employees; HA HA! I hope you end up living on the street. This is what happens when you treat your customers like shit. Enjoy your unemployment assholes!
In the article fleabay management says "we are a technology company". The reality is they are a trading platform where people unload their unwanted trash. If you don't understand your own business you are more than certain to fail. Ebay. Become more efficient in allowing your customers to buy and sell trash.
https://www.youtube.com/watch?v=YKtlK7sn0JQ
This used to be called right-sizing... or downsizing... or a market-adjustment. Have we come full circle?
At the time of this posting, EVERY post that mentions something about "always siding with the customer" is done by an AC including a reply you got to this post. I wonder why that is?
If you buy anything off their site as a guest they create a dummy profile and start spamming you to sign into their site. You can't unsubscribe from these emails unless you create a full account. When you contact them to delete the account their staff are quite aggressive in tone and don't want to delete your account. You have to be quite firm. They start asking all these questions about your identity, pretending to be verifying it is you, but they don't have this information in the first place from the dummy account. I won't be buying anything off them again.
A few years ago an insider wrote an article admitting that internally ebay's policy changes were purposefully designed to push out the small sellers.
The changes to the feedback and refund systems made it so that it is no longer safe to sell on ebay. Anyone can purchase your goods, claim it's defective, return an empty box to you, and ebay trusts that the shipping label tracked back to you means they actually returned it to you. ebay then steals the funds from you (out of your control), and refunds it to the "buyer". (scammer!)
There is *zero* recourse available to sellers for this behavior.
The feedback and comment system changes over the years have been nothing but one-sided against sellers. No recourse against deadbeat bidders (at least you don't lose product--but you still pay ebay fees). No recourse against libelous reviews.
So, I quit selling on ebay years ago because of this. No regrets--it was a hassle anyways.
I think Meg Whitman already tried.
She forgot, California governor office doesn't have a Buy It Now! button
https://www.cbs.nl/en-gb/news/2013/43/three-percent-of-online-buyers-and-sellers-victims-of-fraud
it is from nl, but I heard similar statistic in germany. Basically company are more friendly to buyer because statistically there is far more probability to get scammed by a seller than being not paid by buyer. It is definitively right to be more friendly by buyer too, increase of buyer number would attract seller, but a bad rep for buyer and chasing away sink the palteform.
C. Sagan : A demon haunted world:
http://www.amazon.com/gp/product/0345409469/
visit randi.org
Before they bought PayPal, Ebay was such an awesome place to conduct business. I used to sell a lot of stuff (as a private seller) through Ebay. I had a great reputation and made some nice side money. Then they tried their hardest to ram PayPal down everyone's throat. That is when I was left, it was such a hassle. I moved my stuff to CL and continued to sell, prices went down, but for the most part I was selling local and didn't have to deal with shipping or fees, so in the end CL was a much better choice.
Now Ebay is a joke. Every corporate interest has a store front their. As a buyer that knew the original Ebay I see their current site and have to say it is very confusing. They really should have stuck to what made them great, which was letting private sellers move their junk. If I don't go to Amazon to find something and just use a general search, any shopping hit that comes up the is from Ebay is a guarantee that I won't look at it.
I feel for the people getting laid off, they aren't the ones that caused this. All the senior management will keep their jobs and Ebay will continue to be a confusing market front.
In the past several years, eBay has become hostile to sellers. I don't have a lot of volume on that site, but I cringe every time someone buys something from my business. Only buyers can leave negative feedback for a seller, and the "eBay Buyer Protection" is a mislabeled "eBay Fraud Enabler" feature.
Case in point, I recently sold a security panel main circuit board replacement. I realized I had one more for sale than I had in inventory, so this particular one ended up being drop-shipped from one of my distributors. This wasn't a used part, or one that was sitting on my shelf for a long time, this was brand-new, recent stock.
The buyer received the item and immediately requested a return claiming the board was defective. Their comment was that, "upon power-up the board makes several loud clicking noises." The is a DSC circuit board, and those loud clicks are an indicator that the panel has been "dealer locked". Not even the manufacturer can unlock a panel in this condition. It's not possible the panel would have been dealer locked from the manufacturer.
I asked the buyer to provide me the serial number of the board he was going to return so I could compare it to the one my distributor had shipped. The buyer responded with, "I'm not putting up with your hassle, I'll appeal to eBay."
Now, I had listed the item as "No returns", but apparently eBay Fraud Enabler simply overrides this setting and they lock your funds and force you to accept the return or simply refund the buyer's money. This is crap.
This case is still open with eBay, but the buyer was supposed to return the faulty circuit board to me by July 16. It never arrived, so I suspect this will resolve in my favor. It hasn't stopped the buyer from leaving me my first ever negative feedback since I joined the site in 1999 (really!): "Worst seller broken part tried to scam and refund." That sentence doesn't even make sense.
I've never really "needed" eBay. Paypal's recent issues, as well, I'm thinking I'll just close both accounts and walk the other way.
Every time I buy something I don't need the whole world to know via the public feedback that lets any random mother fucker see everything one bought. Not to mention they can get your address simply by buying something, so if they see you bought some expensive electronics gear by scraping your feedback, then all they have to do is get somebody to buy some shit from you, and they have your address and a list of all the goodies in your house. I don't get how something so insanely privacy hostile is even a thing in 2018.
"eBay earned $407 million on revenues of $2.58 billion. Compared to the year-ago first quarter, profits were down 60.7 percent and revenue rose 12 percent"
Revenues up, profits down....first thing I would want to know is HOW MUCH did Executive Compensation increase during that time.
- Jason