EBay Cutting Jobs: Will other internet giants follow in EBay's footsteps?

EBay, internet mogul is cutting jobs, shoring up business and possibly setting a new trend. EBay will be laying on about 10% of its work force, which equals about 1,000 employees. Along with cutting back on personnel, EBay will be spending a lot of money in acquisitions. Chief Executive, John Donahoe, is worried about the current economic weakness and the stronger dollar affecting EBay.

The San Jose based company will buying up other companies to reduce some competition. To start, EBay will be buying PayPal rival, Bill Me Later, another online payment firm, for $945 million. Also, EBay will also be purchasing other advertising sites such as BDA.dk and BilBasen for another $390 million; this is a strategic move to help expand advertising in Europe.

So, EBay is trying to prepare itself for the future economy, do you think other internet giants will follow, such as Google and Yahoo?

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Yes, Internet moguls like Google and Yahoo will start cutting jobs too.
No, I don't think the other internet giants will follow EBay in cutting jobs.
I think companies like Google and Yahoo will...

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raves +1 [-] by Mollydolly posted Oct 08, 2008 04:18AM GMTOctober 08, 2008 04:18:25

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Answered I think companies like Google and Yahoo will...
I don't think I know enough but isn't everyone cutting back? why wouldn't they?
raves +1 [-] by ăđăм™ *sex cake* posted Oct 08, 2008 02:53AM GMTOctober 08, 2008 02:53:58

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Answered I think companies like Google and Yahoo will...
Do whatever it takes to remain on top of the pile of internet companies. With the worlds economy going the way it is, I wouldn't rule out mergers and hostile take over bids to become even more prevalent.
raves +1 [-] by troyspud posted Oct 07, 2008 01:21PM GMTOctober 07, 2008 13:21:40

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Answered I think companies like Google and Yahoo will...
try to deversify.
raves +1 [-] by terr posted Oct 07, 2008 12:44AM GMTOctober 07, 2008 00:44:23

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Answered Yes, Internet moguls like Google and Yahoo will start cutting jobs too.
I see a recession on the horizon...And many companies goin' belly up...many cutting jobs....be frugal young ones...
raves +1 [-] by sd (97 more days) posted Oct 06, 2008 10:37PM GMTOctober 06, 2008 22:37:38

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Answered Yes, Internet moguls like Google and Yahoo will start cutting jobs too.
I think they will.
raves +1 [-] by Constance posted Oct 06, 2008 10:32PM GMTOctober 06, 2008 22:32:40

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Answered No, I don't think the other internet giants will follow EBay in cutting jobs.
Shake their heads in jaw dropping wonder at the short sightedness of E-Bay execs.
I'm actually quite surprised at E-Bay. It's basically one big electronic Pawn Shop - and guess what type of business does well in economic hard times? Yes you can pay new staff less money, but you still have to train them.
raves +1 [-] by texas red posted Oct 06, 2008 10:29PM GMTOctober 06, 2008 22:29:10

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Answered I think companies like Google and Yahoo will...
DO what ever makes the most net on the bottom line!!!
raves +1 [-] by Diina[lalaLOVES Bill Kaulitz] posted Oct 06, 2008 10:18PM GMTOctober 06, 2008 22:18:58

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Answered I think companies like Google and Yahoo will...
maybe they will go other ways not just big companies are laying off people though.
raves +1 [-] by Mike posted Oct 06, 2008 10:03PM GMTOctober 06, 2008 22:03:47

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Answered I think companies like Google and Yahoo will...
I think they will do their own thing becuz not everyone likes ebay. i mean i like it for sum things but then again sumtimes you dont alwyz get wut you want.
raves +1 [-] by angeles posted Oct 06, 2008 09:16PM GMTOctober 06, 2008 21:16:55

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Answered No, I don't think the other internet giants will follow EBay in cutting jobs.
e bay is the best no one could top them
raves +1 [-] by TwoFace12 posted Oct 06, 2008 08:21PM GMTOctober 06, 2008 20:21:26

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Answered Yes, Internet moguls like Google and Yahoo will start cutting jobs too.
Sure why not. Anythig to make quick money. Thats what got us into this mess.
raves +1 [-] by Edventure posted Oct 06, 2008 08:10PM GMTOctober 06, 2008 20:10:28

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Answered I think companies like Google and Yahoo will...
Attempt and will be motivated to do so. This is an example of Hostile takeover of the industry, in this case (ebay), at the expense of its employees, who to a large extent were responsible for its success.

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