eBay downsizing includes closure of Polish branch
Operations in Europe will be run from two headquarters in London and Bern. The plans mean laying off about 1,000 of its 16,000 strong workforce. "Persons who will stay in the company will be moved to eBay headquarters, or will be employed in PayPal or Skype," said Karol Świtała, spokesperson of eBay Polska.
Changes in the structure of the company should bring about savings of $70-80 million by the end of the year.
According to Magda Borowik, analyst with IDC Polska, one of the reasons for the reorganization is the crisis on the financial markets. "Announced savings might not be substantial, but in the current situation every penny counts," said the analyst.
Source: Rzeczpospolita (M.M.)
Changes in the structure of the company should bring about savings of $70-80 million by the end of the year.
According to Magda Borowik, analyst with IDC Polska, one of the reasons for the reorganization is the crisis on the financial markets. "Announced savings might not be substantial, but in the current situation every penny counts," said the analyst.
Source: Rzeczpospolita (M.M.)
