On: eBay Is Conducting a 'Mass Layoff' in the Bay Area

[jorblumesea]

Poor business decisions, strategic mistakes, and improper spending? The usual reasons, probably. $1B loss so obviously huge spend with little return.

[chillacy → jorblumesea]

Well on the home page right now ebay is offering a 20% off coupon for products that they don't directly sell, and $100 for $90 in gift cards. Ebay takes a big cut but it's not 20% big, so they're probably losing money to acquire customers through deals.