Wednesday, October 08, 2008
I Usually Don't Quote Valleywag , But...
Valleywag does get some good information, so I'm going to share that with you here. They apparently got a hold of the eBay layoff package: "Package is 22 weeks (4 week notice, 5 week warn notice, 13 week severance) + 5 months COBRA, and some number of months outplacement assistance + eligibility for unemployment — which makes most people fully funded until around May-June 2009."
Also, this little tidbit that is very interesting; "Marketing has ceased to be a function and the CMO is leaving. Worldwide office consolidations (closures) to be announced next."
This is big news that the CMO is leaving, because he has only been there for a year and eBay is having issues with driving buyer demand to the site. So if "marketing has ceased to be a function" how are they going to drive demand? You can't just keep buying customers off with coupons, forever.
Henrietta, over at the Red Ink Diary was first to post about the International office closings in her post entitled eBay Plans for Europe, which as just been updated. I've requested confirmation from eBay on many of these issues and was told "they will get back to me" -- so I wait patiently.
Hopefully, I will have additional information shortly.
More from Valleywag, while I wait for eBay PR to get back to me, of course after this link from Valleywag, I'm not likely to hear from eBay PR anytime soon.
Just my 15%