Thread regarding eBay Inc. layoffs

Just got laid off from eBay

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Post ID: @OP+TSIGhNR

36 replies (most recent on top)

I should clarify: Several people have been fired in the EU, likely people are still talking to HR and have not yet told their colleagues on a wider scale. corporate clearly wants to isolate those voices.

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Post ID: @3pfw+TSIGhNR

Yes several people where let go in the EU.

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Post ID: @3bmc+TSIGhNR

Dunna know. Have some doubts on France. Very small operation but widely disappointing this year

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Post ID: @3qki+TSIGhNR

Any idea if people were fired in EU too?

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Post ID: @3knq+TSIGhNR

Happy to go. Leadership have failed in many parts. They overspend where they shouldn't and then they cut off someone's bread and butter. Clear nepotism, people who delivers were let go and few people who are friends or favorites but do not deliver, stays!

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Post ID: @3trl+TSIGhNR

After over a decade at eBay, I was let go as well. I’m happy in a way, because I was too comfortable working there, even when I felt the company is poorly run and see no bright future. But in my opinion, everyone up top should get slashed, and not the people who delivers what they wanted. It’s been years after split, and nothing has been achieved. All the people up top failed.

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Post ID: @2wvu+TSIGhNR

Designers and proto-typers were let go in San Jose yesterday. My wife was one of them. I heard the cut was bigger and that other groups were affected - I am just sharing what I know. Good luck to all who got laid off by ebay.

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Post ID: @1hne+TSIGhNR

I'll pile on. I am still here and I've been with the company since 2005. The layoffs that took place this week eliminated some of the best talent we had and a ton of institutional/tribal knowledge was lost.

No company ever grew by cutting cost, eBay will not be any different. The approach Devin took may work in the short term but we'll very quickly learn that we paid a very high price for a quarter or two of improving profit numbers.

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Post ID: @1nxy+TSIGhNR

funny how searching ebay layoff and this pops up. i'm still here at ebay and a lot of my peers are in disbelief on who got let go. I knew and worked with few smart veterans and its sad to see them go, to say the least.

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Post ID: @1ank+TSIGhNR

What puzzles me is the lack of transparency and communication as it relates to the most recent round of cuts (yesterday - Wed 6/26) - It was a massive blow that impacted a ton of teams and yet, the internal communication was loaded with jargon and opaque

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Post ID: @1orl+TSIGhNR

I was part of the ebay journey for a some years but left recently. I have been in meetings, reviews with leadership at the top level including Devin and what made me leave was the short term perspective. Most of the plans for long term were killed and what survived had poor execution and failed mostly because of ineptness of leadership (senior and mid level). There is a lack of talent compared to competition at all levels and whatever talent is left should leave as well if they care about their future brand value.

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Post ID: @1plw+TSIGhNR

I also left relatively recently, things were quite a bit slow for my taste - politics were bad too, but most large companies will be like this so no big deal for me. Based on my 'watercooler' discussions almost everyone I talked felt the same, there is no loyalty from the employee side too... Since the ebay-paypal split a lot of projects were canned and that severely damaged employee morale - it went down the drain.

After the layoffs early 2015, lots of people left completely voluntarily - they saw the writing on the wall and the job market is so hot, no wander they decided to jump.

ebay is not growing as fast as other companies in the bay area are, and this is causing all the issues they have to handle right now. if there was some growth, things would be much different, i remember those days, everyone is happy when the company grows.

now, since there is no growth, projects come and go in a split second, now you have work, tomorrow you may not have it. You would be working on something very hard and all of a sudden your boss tells you this project is killedand start working on production support / maintenance .

There is no respect/say for individual contributors at all - you will be put in a box and people hate it. by now it's obvious that ebay is loosing its battle with other large ecommerce platforms and is finding tough to retain top talent for the same reason.

the paypal split affected everything and the company is almost paralized ever since - i remember that the entire 2015 went in poor decision making and then remaking.

Apart for ebay on mobile being the highest priority, I do not see any innovation or willingness to nurture modern technology and exceed expectations and excel...

The execs gloat about the money that ebay generates, but the fact is that all that money comes irrespective of the new work that people do, they just milking the legacy achievements.

Now, add all of this up and you'll see that there will be a lot of obstacles for ebay in the next decade - I think that a private equity group will roll in, load it with debt and tear it apart - alternatively, a large platform may decide to buy it so they can get the customer base, i see no other scenario as a feasible one.

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Post ID: @1hkn+TSIGhNR

Sorry to hear, but I left in 2015, and agree with R1nb. eBay had the cool factor back then, but not for a decade now. How can a business grow or succeed, when the first word that comes to mind is, fake, used, scam or refurbished. At the end of the day, its what the consumer feels about the brand. once its broken, its pretty much done. ebay is not going away, but $5-10 stock at best. growth will continue to shrink imo. just another craigslist where you hope to get what you paid for.

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Post ID: @1hqi+TSIGhNR

I was told that information would follow who else would be affected, but so far I have only seen a mail from the CEO saying "positioning ebay to win". My favorite are the promotions:

"We began implementing these changes this week, and you’ll hear from your leaders directly about specific organizational changes, including several promotions. "

official sources are cited as "low single digits", but I am waiting so far to see if they actually eliminate areas / teams or just individuals. Like they said for israel - not the whole office but some dozens.

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Post ID: @1iny+TSIGhNR

for the poster who said he/she would be better off at paypal - you do not know what you are talking about - they have non-stop layoffs and reorgs, if you think we have a ton of reorgs here at ebay you need to spend a few months at paypal and you'd be stunned.

i know it's not ideal here but it's better than there - i personally hate that we have become so political and so politcally correct that you need to be watching what you say all the time and you need to be watching your back all the time.

i personally think our problem is lack of growth, i remember days when we were adding headcount and we were growing, there were opportunities for everyone and it was not as political as it is right now as everyone who performed well was taken care off - nowadays, opportunities are scarce and people protect their turf, hence all political jockeying you witness on a daily basis.

i was not laid off today but after almost ten years here i am thinking about jumping the ship as the issues i touched upon above have reached stupid levels.

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Post ID: @1yif+TSIGhNR

come one folks! has nothing to do with ceo or cfo! those guys are there few years, pump the typical roadmap bs, vested with stocks and they move on. eBay as a company is broken, and there is no way of fixing it. Trying to fix ebay is like trying to fix Sears or Kmart. Consumers just dont find these brands attractive anymore. How about not lying to yourself and ask when was the last time you actually purchase anything from ebay vs amazon??? Sad but i honestly havent purchase anything from ebay in the last 5 years. Instead everything is purchased from Amazon to a point i rarely even go to a local shop. And as an employee of ebay, that should tell you a lot....

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Post ID: @1rnb+TSIGhNR

I learned about the eBay layoff and think that this is the most ridiculous announcement! The first person eBay should lay off is its CFO!! How can this company spend ridiculous amount of cash on Christmas parties, ski trips, or booking a whole amusement park and then layoff people who are working hard to get their bread on the table? that is absolutely insane!

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Post ID: @1dem+TSIGhNR

I agree ebay is a goner! May be cool in early 2000's, but nobody uses or cares for it anymore. eBay will be like Sears in 10yrs. a slow death.... hell if most your employee's buy stuff from amazon, and not ebay. you have a huge problem.

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Post ID: @1lzr+TSIGhNR

2000 views in 2 hours - LOL - try to 'protect the brand' now HR

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Post ID: @1sme+TSIGhNR

Is there a slack channel for layoffs chat?

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Post ID: @1jyt+TSIGhNR

what groups were affected by layoffs?

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Post ID: @1cuk+TSIGhNR

@1sre my point exactly - If you did not see this happening after the numbers got released you need to find a different job - the sad part is, I do not see anything changing in short/medium term - things will continue to go down and they will cut even more. I hope they turn it around but I highly doubt it - I this we have a major problem as it relates to poor management and the overall strategic direction. I've been around for about seven years and I've seen it all - at some point around 2015 I had some hope that they will be able to set the course that makes sense and promises something - however, the execution was always a challenge here, I am very skeptical about any recovery.

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Post ID: @1snk+TSIGhNR

Let's just being honest guys. Given the f** performance numbers from Q1 would you even be surprised about this layoff?

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Post ID: @1sre+TSIGhNR

Dont have details on what happened in the US and who got affected - I left in 2016 on my own. I heard about the cut during the lunch today and I am so sorry you had to go through this. If I can offer any consolation I'd say be happy that there are still many companies that hire folks with tech and marketing background - I hope this helps you find a job very quickly.

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Post ID: @1eis+TSIGhNR

more posts on the homepage &ebay

or

www.TheLyoff.com/ebay

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Post ID: @1mgy+TSIGhNR

More discussion here: @TS0Bzlr

or

www.thelayoff.com/t/TS0Bzlr

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Post ID: @1iyg+TSIGhNR

Hey @uqh - PayPal is having layoffs every quarter, I don't think you'd be better off if you went there.

Anyhow, what drives me crazy is the fact that they were handing out promotions like candy today, such a great day to pick for promo announcements - tells you about how much respect they have for the employees that got the axe today.

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Post ID: @1rea+TSIGhNR

300+ were cut at Netanya in Israel, some expats too. All part of the same restructuring that hit the Valley as well. After Matalon departed we all kind of knew what's gonna happen - aside from all the talk that there will 'more restructuring' etc - look a the stock price, it speaks volumes.

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Post ID: @1hir+TSIGhNR

Same as well. But like others said, dont feel bad or upset. There are thousands of better companies to pursue. eBay is dead horse and nothing to stress over.

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Post ID: @1bqp+TSIGhNR

I got the axe as well. Was in the SF office.

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Post ID: @1kuo+TSIGhNR

Too funny...giving out promotions while the stock is sinking.

Wenig is the re-incarnation of the Captain of the Titanic...

"Let's re-arrange the deck chairs."

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Post ID: @1omw+TSIGhNR

same with me. damn should've gone to paypal when i had the chance! but looking forward to be somewhere more exciting.

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Post ID: @uqh+TSIGhNR

You and 1000 more....don't feel bad.

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Post ID: @bot+TSIGhNR

if you don't know when to use worst or worse you probably should be gone.

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Post ID: @vsv+TSIGhNR

me also. but lets face it.... ebay as a business is dead for some time now, and will only get worst. i've been there long enough to see there is no turnaround hope for the company, no matter who runs it. Best of luck on our next endeavor

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Post ID: @hrg+TSIGhNR

Same here. Supposedly some 'global streamlining' and 'valuable restructuring' for the benefit of the future. At the same time, quite a bunch of promotions are handed out ...

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Post ID: @zpf+TSIGhNR

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