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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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542 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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664 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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1050 days ago
U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the European session on Monday.
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3 minutes ago
Cautious Optimism Lifts DAX
The DAX benchmark that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange is trading in the green zone on Monday amidst a mood of cautious optimism.
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Nissan Stock Slips On Reports Of Talks With Foxconn To Collaborate On EV Production In Japan
Japanese automaker Nissan Motor Co Ltd. (NSANF.PK, NSANY.PK) is in talks with Taiwan's electronics major Foxconn to partner on the production of electric vehicles or EVs in Japan, Nikkei reported. The potential joint venture collaboration is expected to save Nissan's Oppama plant from the risk of closure. Following the news, Nissan Motor shares closed Monday's trading in Tokyo down 5%.
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25 minutes ago
Eurozone Investor Confidence Strongest In More Than 3 Years
Eurozone investor confidence rose to the highest level in more than three years in July suggesting that fears of recession triggered by the US tariff shocks are completely off the table, survey data from the behavioral research institute Sentix showed on Monday. The investor confidence index advanced to 4.5 in July from 0.2 in June. The reading was the highest since February 2022 and also stayed
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1h 7min ago
German Industrial Production Rebounds In May
Germany's industrial production rebounded in May driven by robust demand for automobile and pharmaceutical products, official data revealed on Monday. Data released by Destatis showed that industrial production grew 1.2 percent in May from a month ago, confounding expectations for a decline of 0.6 percent. Output in April was revised down to show a 1.6 percent fall compared to the 1.4 percent d
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1h 34min ago
