Banks are going under left and right but the technology sector is immune … right? Money automatically flows towards technology companies in good times and bad … right? What’s this? eBay is cutting 1,000 jobs? Uh oh. And they’re going to take a $70 – 80 million charge for restructuring?! This could be trouble. When one of the big boys has to cut jobs things must be on a downswing. The auction game has been in bit of a flux lately. If you noticed eBay cut seller fees a few months ago and I’ve noticed the seller promotions have increased. For eBay things were already on a downswing.
Now if Google has to cut jobs … we’re all in trouble.