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"Iannone said the job cuts are necessary because eBay’s “overall headcount and expenses have outpaced the growth of our business.”" Growth, when they're alread
by mjevans 3y ago
"Iannone said the job cuts are necessary because eBay’s “overall headcount and expenses have outpaced the growth of our business.”"
Growth, when they're already effectively the dominant marketplace, maybe excluding Craigslist or whatever is within Facebook (no account and refuse to sign up).
Where is there left to grow? They're a completed service.
I also have trouble imagining they have 1000 of anyone, aside from Customer Facing roles / fraud defense.
- dghlsakjg 3y agoCraigslist and Marketplace largely serve non-commercial, local sales. Ebay serves that, but also non-local, commercial, used and new. They go toe-to-toe with Amazon and Ali-express for drop-shipping type stuff, especially international. Small scale international eComm is a huge, and growing market. Ebay has certainly cornered some niches, but it can really pick up a lot of ground in some truly massive markets. If I want to buy a specific electronic prototyping board, my choices are eBay or AE. If I want to buy a part for my older cars: EBay. I just had a hard to find steering bushing shipped direct from Japan, in fact. EBay especially dominates markets for unique things. Vintage cameras, watches, collectibles, etc.
- nradov 3y agoEtsy is a competitor in some spaces. Bring a Trailer is offering increasing competition to eBay Motors.
- dghlsakjg 3y agoExactly, the market is expanding, and those are both pieces of the market that eBay would like to (re)capture.
- tharkun__ 3y agoEbay was great. You could sell non local and paid a bit in fees sure but you could still actually get some money back from stuff you had "outgrown". Now? As a casual seller of stuff that clutters the house? Or your old laptop when you get a new one? Fat chance I'll send that around the country for all the fees I'll be paying to Ebay. Fake Facebook profile and various other online and completely free flea market type sites are the only thing we use. Ebay is dead to us. I bet we're not the only ones.
- bdcravens 3y agoFacebook Marketplace now has shipping, so they're trying to serve a larger market. eBay's largest category is still used clothing.
- dghlsakjg 3y agoFB marketplace has shipping in the USA. It is not a feature available to everyone.
- notzane 3y agoStockX has 1000+ employees and they only do used sneakers and clothes. I remember reading about eBay spending a lot to compete with them a few years ago, seems they lost. It’s valued at 3.8 billion so not an insignificant chunk of eBay’s market cap.