Search
 

Focus of Ebay Layoffs is Largest Space User

SAN FRANCISCO-The San Jose, CA-based Internet company says it will lay off 10% of its 16,000 workers, mostly in its Marketplaces division, which occupies 1.8 million sf.

By Brian K. Miller | Updated on October 07, 2008

SAN FRANCISCO-The Internet company Ebay said Monday it will lay off 10% of its 16,000 workers while also expanding the business by way of two acquisitions totaling $1.35 billion. The layoffs include 1,000 employees and 600 temporary workers.

The San Jose, CA-based company’s layoffs will reportedly occur primarily in its core Marketplaces division, which has been posting declining single-digit growth but occupies most of the company’s square footage. The more significant of the two acquisitions is for its Payments division, which is expected to post double-digit growth thanks to PayPal’s adoption by the likes of Wal-Mart and Southwest Airlines.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.