Major Tech Players Announce Huge Workforce Reductions: Ebay, Amazon and More!
Several major tech companies are reshaping their workforce dynamics at the beginning of 2024, with eBay becoming the latest to announce substantial layoffs
Photo by sdbg.info
Online auction site eBay is planning to spin off internet call service provider Skype and list shares in the firm in the first half of 2010.
EBay said Skype was a "great stand-alone" firm but had "limited synergies" with the online auction firm, the BBC reported Wednesday.
When eBay bought Skype for USD 2.6 B in October 2005, many analysts thought the price was too high.
Skype's software lets PC users talk to each other for free and make cut-price calls to mobiles and landlines. It also enables Skype users to share files.
The firm said publicly listing Skype would "maximise its potential".
The firm said the plan to spin off Skype was part of a schedule set out by John Donahoe when he became chief executive of eBay in April last year.
Since being acquired, the number of registered Skype users has hit 405 million from 53 million, though free user-to-user calls still dominate the service.
Unlike traditional mobile calls, which are transmitted over a cellular network, Skype turns your voice into data and sends it over the internet.
The Prime Minister of North Macedonia, Hristijan Mickoski, has said his government will focus first on meeting the country’s outstanding obligations linked to its European integration, with an emphasis on reforms.
Breaking with the United States’ previous approach, Canada announced it will cut its 100% tariff on Chinese electric vehicles, in exchange for lower Chinese tariffs on Canadian agricultural exports. Prime Minister Mark Carney said the deal sets an initial
Dimitar Radev, Governor of the Bulgarian National Bank, is expected to take a firmly conservative stance within the European Central Bank’s Governing Council
After more than 25 years of intermittent and often contentious talks, the European Union and the Mercosur bloc formally signed a sweeping free trade agreement on Saturday in Paraguay
European Union ambassadors are preparing to hold an emergency meeting after US President Donald Trump announced plans to impose new tariffs on several European countries over their opposition to US efforts to acquire Greenland
US President Donald Trump has announced plans to impose tariffs on European countries that oppose Washington’s control of Greenland, escalating tensions over the Arctic territory
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence