eBay Inc. has reached a settlement with the US Justice Department after it alleged that the company sold thousands of pill presses and encapsulating machines. The report states that eBay failed to comply with the Controlled Substances Act (CSA), which requires companies to keep strict records of such transactions and report them to the Drug…
eBay to Layoff 1,000
eBay has announced plans to cut 1,000 jobs in a bid to monitor and control the current challenging macroeconomic environment. This layoffs amounts to 9% of the company’s full time employees, and the report mentions that the plan is to implement organizational changes by reducing their overall headcount and expenses. The company’s employees were asked…
eBay: $3 million Harassment Fine
eBay Inc is a multinational ecommerce company that was founded in 1995, with its headquarters in California, USA. The company specializes in peer to peer, and retail sales, through an online marketplace that is available in about 190 regions worldwide. eBay utilizes a sealed bid system between sellers and buyers. According to recent reports, eBay…