4 ms·

eBay to lay off 500 employees, 4% of workforce

21 points by tspike 4y ago

type0 4y ago
I'm surprised it's not more given how terrible ebay has become.
- doublepg23 4y ago
  The bidding part is ironically pretty terrible. The Buy It Now products I find better than Amazon a lot of the time. If there's a random PC part I need or something for vintage computing I will always go to eBay first. Any of the bidding or used hw sales I just stick with Reddit r/*swap subreddits.
  - Thetawaves 4y ago
    I tend to agree - Amazon was king but now I can usually find cheaper products on Ebay and faster shipping to my locale than Amazon. Unless its an industrial lego piece coming from China - but then the price is insanely better. I can't figure out what benefit Amazon brings these days... They seem like the most expensive option for anything not mainstream.
  - postalrat 4y ago
    Ebay has been try to copy Amazon's success for the past 10 years. Now they both suck.
- phito 4y ago
  They have one of the worst UI/UX I've ever had to deal with. It is a really repulsive to use.
public_defender 4y ago
If 4% is correct, that means ebay had 12,500 employees. 1) Why? What did they all do? 2) How on earth are they only laying off 500?
- anm89 4y ago
  This is almost universally my thought when I see these lay off numbers. These companies are choosing to keep 250% of their headcount from 4 years ago heading into a recession. Why? After looking through their financials though, I don't even know. They made like 3B in EBITDA In 2020, but then had a very strange financial statment in 2021 and now they lost 3B in EBITDA in 2022. It seems like up until 2020 they were making enormous amounts of money
  - MuffinFlavored 4y ago
    > This is almost universally my thought when I see these lay off numbers. These companies are choosing to keep 250% of their headcount from 4 years ago heading into a recession. Why? You had me up until the "heading into a recession" part. How can you speak so definitively/in absolutes?
    - filoleg 4y ago
      > How can you speak so definitively/in absolutes? I anecdotally found that the less a person understands finance and economics, the more likely they are to make extremely confident absolute statements on their state and future direction.

21 points by tspike 4y ago

type0 4y ago

I'm surprised it's not more given how terrible ebay has become.

doublepg23 4y ago
The bidding part is ironically pretty terrible. The Buy It Now products I find better than Amazon a lot of the time. If there's a random PC part I need or something for vintage computing I will always go to eBay first. Any of the bidding or used hw sales I just stick with Reddit r/*swap subreddits.
- Thetawaves 4y ago
  I tend to agree - Amazon was king but now I can usually find cheaper products on Ebay and faster shipping to my locale than Amazon. Unless its an industrial lego piece coming from China - but then the price is insanely better. I can't figure out what benefit Amazon brings these days... They seem like the most expensive option for anything not mainstream.
- postalrat 4y ago
  Ebay has been try to copy Amazon's success for the past 10 years. Now they both suck.
phito 4y ago
They have one of the worst UI/UX I've ever had to deal with. It is a really repulsive to use.

public_defender 4y ago

If 4% is correct, that means ebay had 12,500 employees. 1) Why? What did they all do? 2) How on earth are they only laying off 500?

anm89 4y ago
This is almost universally my thought when I see these lay off numbers. These companies are choosing to keep 250% of their headcount from 4 years ago heading into a recession. Why? After looking through their financials though, I don't even know. They made like 3B in EBITDA In 2020, but then had a very strange financial statment in 2021 and now they lost 3B in EBITDA in 2022. It seems like up until 2020 they were making enormous amounts of money
- MuffinFlavored 4y ago
  > This is almost universally my thought when I see these lay off numbers. These companies are choosing to keep 250% of their headcount from 4 years ago heading into a recession. Why? You had me up until the "heading into a recession" part. How can you speak so definitively/in absolutes?
  - filoleg 4y ago
    > How can you speak so definitively/in absolutes? I anecdotally found that the less a person understands finance and economics, the more likely they are to make extremely confident absolute statements on their state and future direction.