FMP
Jan 24, 2024 5:34 PM - Davit Kirakosyan
Image credit: FMP
eBay (NASDAQ:EBAY) announced a significant workforce reduction today. The online retail giant plans to eliminate approximately 1,000 positions, which accounts for about 9% of its full-time workforce.
eBay's CEO, Jamie Iannone, attributed this decision to the current challenging macroeconomic climate. In his statement, Iannone also mentioned plans to reduce the company's engagement with its "alternate workforce" in the upcoming months.
This development at eBay is part of a broader trend of job cuts in the technology sector at the start of 2024, continuing the industry's struggles from 2023. Other prominent tech firms, including Google, Duolingo, and Amazon, have also initiated layoffs as they adjust their strategic priorities, increasingly focusing on areas like artificial intelligence.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...
May 27, 2024 3:30 PM - Rajnish Katharotiya
In the ever-evolving world of technology, certain sectors have consistently demonstrated exceptional growth and innovation. The graphics processing units (GPUs) industry is one such sector, offering investors a golden opportunity for potentially high returns. In this blog, we'll delve into why inves...