Since when was the online industry meant to be affected by the global credit crunch?
eBay are cutting its workforce claiming that they are streamlining the business. 1,000 employees are to loose their jobs its been reported. eBay seem to be remaining in high spirits however as they go on the acquisition trail buying up a new payment site and other websites. So, are they actually streamlining the business or are they merely dancing around the fact that its due to the credit crunch that their workforce is being cut?
They certainly seem to be following their own philosophy of Buy it, Sell it, Love it!
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Richard
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