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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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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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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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Asian Shares Mixed Ahead Of US PCE Inflation Data
Asian stocks ended mixed on Friday as caution prevailed ahead of a key U.S. inflation report due later in the day that might show core personal consumption expenditures prices rose 2.9 percent in July, the fastest pace in five months.
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NZ Dollar Advances Against Majors
The New Zealand dollar strengthened against other major currencies in the Asian session on Friday.
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Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Friday.
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European Shares Seen Mostly Lower Before US Inflation Data
European stocks may open broadly lower on Friday as the prospect of a peace agreement between Russia and Ukraine waned and focus shifted to a key U.S. inflation reading due later in the day that could provide additional clues on the Federal Reserve's rate outlook.
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Sensex, Nifty Struggle For Direction In Early Trade
Indian shares were little changed on Friday, giving up early gains amid mounting concerns about the impact of U.S. tariffs on Indian goods.
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