- Though it hasn't been announced yet, Eric Shoup, Director and General Manager of eBay Stores and ProStores has left the company to take a new position as Vice President of Product at The Generations Network, a Provo, Utah based Genealogy web site. Eric worked at eBay for the past 5 years and was just recently put in charge of the eBay Stores business in addition to ProStores. There is no word yet on a replacement or what eBay's plans are for ProStores and eBay Stores.
- Update: eBay CTO (Chief Technology Officer) Matt Carey has left the company to join Home Depot as their new [CIO (Chief Information Officer)]. Matt Carey had been at eBay for 3 plus years and prior to that with Wal-Mart Stores.
- Several other employees have left already or are leaving this month, but wish to remain anonymous. They wouldn't tell me if it was their choice or part of a layoff.
- The concern among current employees is growing, according to a source.
- A check of their Job Openings showed 19 positions available for eBay.com, over the last 30 days. There are 64 positions available, company wide (including PayPal, Skype, StubHub, etc.) during that same period.
- As a point of comparison, Amazon has 338 positions posted over the last 28 days.
Wednesday, September 03, 2008
Will eBay Take Their Medicine in the 3rd Quarter?
There is an interesting buzz coming out of San Jose these days, as rumors begin to fly, about impending layoffs at eBay. My information is second hand at best, but there is certainly a concern among current employees, that a big layoff is in the works. eBay resumes seem to be making the rounds in larger numbers over the last several weeks.
I contacted eBay to get information regarding possible layoffs and as of this writing have not heard back.
While this is a rumor, lets connect the dots and see if we can dial this in:
None of this means there is a layoff in the wings, but as we approach the end of the 3rd Quarter, analysts I've spoken with, suggest now would be the time for eBay to take their medicine; the numbers may not be looking good for the 3rd Quarter. Remember a year ago, eBay took a write-down on the value of Skype and the 3rd quarter is traditionally their worst quarter.
If there marketplace problems are continuing, they certainly would want to go into the 4th Quarter as lean as possible.
eBay currently has more than 15,000 employees worldwide, so your guess is as good as mine about how many job cuts would be sufficient to help them out.
Again, at this point these are just rumors, but as you start looking at the signs, it does seem a reasonable possibility. I will update this post as I get more information.
Just my 15%