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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.
"What the devil did they do with all that money?"
Hey, hookers and drugs aren't cheap. And neither is a penchant for trying to fill inside straights.
You can't see ANYTHING from a car, You've got to get out of the goddamned contraption and walk...Edward Abbey