EBay revenues are gradually increasing, but employees are being laid off

EBay presented a report for the 4th quarter, and the results of the report pleased the shareholders. The fact is that the net profit of eBay in Q4 grew by about 10%. The total net profit amounted to 939 million US dollars, which is several tens of millions of dollars higher than in the same period of 2013 (850 million). The total revenue grew by about 9%, amounting to 4.921 billion US dollars. A year earlier, this figure was 4.530 billion US dollars.

Analysts predicted about such a growth in revenues and revenues, arguing that in the fourth quarter of 2014, the revenue figure should increase to a value of 4.85-4.95 billion US dollars. This growth is due to a 21% increase in online sales.

In this regard, mobile payments turned out to be especially effective, with this factor increasing to 30% in the quarter (27.9 billion for the whole year). The volume of international transactions in the fourth quarter increased by 20%. It is worth noting that a significant event also happened in the life of eBay: it was decided to separate PayPal from eBay, making it an independent company. They say the case did not go without the investor Carl Icahn, who has a strong influence on the management of many modern IT companies. In particular, he managed to seat his representative in the chair of a member of the board of directors of eBay. After the separation of eBay and PayPal (for which Aykan spoke earlier), this representative will choose which company to work for next (or rather, Aykan will choose for him).
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The company is now taking another decisive step (according to management, this step will help make the company more competitive): 2,400 employees will be dismissed in the near future, which is about 7% of the total number of company employees. The layoffs will affect both eBay employees and PayPal.