
So the economy is tanking and there’s no shortage of bad news out there, but for today we thought we’d take a break from talking about financial services to talk about a local high-tech favorite – eBay.
Yesterday, John Donahoe, the new CEO of eBay, announced he would be “streamlining” – otherwise known as laying off 10% of their workforce and letting go of several hundred temporary positions (1,600 jobs in total). Layoffs by themselves are not surprising in this economy, but if you’ve been reading any of the eBay reviews from the last month you’d know that that employees themselves will be looking for John himself to be included in this round of cuts.
Company
CEO
Approval Rating
Motorola
Greg Brown
10.6%
Rain Bird
Anthony LaFetra
11.4%
AOL
Randy Falco
13.4%
EDS
Ron Rittenmeyer
13.5%
Computer Sciences
Mike Laphen
19.3%
Wal-Mart
H. Lee Scott Jr.
23.5%
eBay
John Donahoe
25.2%
Nortel Networks
Mike S. Zafirovski
25.5%
UBS
Marcel Rohner
27.0%
Sun Microsystems
Jonathan Schwartz
28.9%
With a dismal 25.2% CEO approval rating (among the 10 worst with 50 or more reviews), employees haven’t been holding back. Whether its managements need for yet another re-org, change upon change that shows a lack of understanding and appreciation for the eBay ecosystem, or concerns about management killing the “cash cow” or “golden goose” (take your pick) – eBay employees have been especially active on Glassdoor lately.
eBay is ...
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- CEO Watch List, eBay