The financial services downturn in the United States has
claimed its first few Australian victims, with the local office of
online auction king eBay today showing 18 staff the door.
The company said the restructure was aimed at making the eBay
organisation "more effective and competitive in this difficult
"Our priority is to talk to our people to get through what is a
difficult day," said representatives from eBay's Australian office in a statement.
The e-tailer said local customer support and account managers
would be spared the cull, with the cuts to come from marketing, finance and administration divisions.
The lay-offs come as eBay globally overnight said it would fire 10 per cent of its
workforce, including over 1,000 permanent employees and several
The company expects the global lay-offs to cost it a
restructuring charge of some US$70 to US$80 million in the current
quarter. Shares in eBay Inc were as high as US$40 on the NASDAQ index this time
last year. Today they are trading at under half the value (just
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