Internet giant eBay bid responsibly: in order to afford its purchase
of onlineshopping credit vendorBill Me Later, it laid off 1,000
workers, comprising 10 per cent of its workforce.
The site will also turf hundreds of temporary workers, and tighten up job openings.
The move will result in $150-million in cost savings, said CEO John
Donahoe, and “create efficiency,” which is hoped to counteract the
weakening economy and dollar.
Bill Me Later went for $820-million in cash, and $125-million in
outstanding options, while eBay also plunked down cash for Danish
classifieds site dba.dk and vehicles site bilbasen.dkto the tune
of$390-million.