rumour: Ebay Layoffs Coming Tomorrow

johndonahoe tbi

Tomorrow could be a bad day for some eBay staffers, writes Ryan Tate at Valleywag:

eBay has already confirmed it is planning a round of layoffs. Now a company tipster tells us the internal reckoning is slated to come on Thursday.

The online auction company told us earlier this month it planned a “small” round of layoffs as part of an ongoing restructuring. Inside the company, staff whispered that eBay might shave the bottom five per cent of performers, GE style, but a spokesman told us the number of lost positions would be “not even close” to five per cent. A rumour also spread that laid off workers would get no severance.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.