Daily Archives: January 23, 2024

The latest tech giant impacted by the economy is eBay, which announced earlier today that it is reducing its workforce by around 1,000 roles. That apparently equates to roughly 9 percent of the company's full-time employees. US employees are asked to work from home on January 24, and those affected will be notified "shortly." Unlike Discord and Riot Games, though, eBay's post stopped short at sharing severance or benefit details. The company also plans to scale back the number of contractors over the coming months.

eBay's impact scale matches that of Unity and Google from earlier this month, which doesn't paint a pretty picture for the tech scene right at the beginning of 2024. Like its peers, eBay blamed this round of layoff on having hired too many people in recent years. "While we are making progress against our strategy, our overall headcount and expenses have outpaced the growth of our business," president and CEO Jamie Iannone said in the memo. Hopefully LinkedIn's new AI-powered categorization tool will come in handy for those in need.

This article originally appeared on Engadget at https://www.engadget.com/ebay-is-laying-off-9-percent-of-its-workforce-035136287.html?src=rss

eBay is laying off 9 percent of its workforce

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In its Q4 2023 earnings report from earlier today, Netflix announced that starting in Q2 2024, its cheapest ad-free "Basic" plan will be completely gone in Canada and the UK. You haven’t been able to sign up for this tier since last July, but now, even current subscribers will no longer be able to keep their 'Basic' plan, which was originally $10 or £7 per month but bumped up to $12 or £8 in October. In other words, you'll basically be forced into one of the two more expensive ad-free packages (from $16.49 or £11 per month) or the cheaper ad-supported plan ($6 or £5 per month).

It'll be interesting to see which side the current user base will lean towards when they eventually have to make their decision, but it's clear that Netflix wants to boost its ad business. After all, the ads plan currently accounts for 40 percent of all Netflix sign-ups in its ads markets, according to the earnings report. We wouldn't be surprised if the same will be applied to the US before long. "We’re looking to retire our Basic plan in some of our ads countries, starting with Canada and the UK in Q2 and taking it from there," Netflix added.

This article originally appeared on Engadget at https://www.engadget.com/netflix-is-killing-its-cheapest-ad-free-plan-in-canada-and-the-uk-in-q2-024458235.html?src=rss

Netflix is killing its cheapest ad-free plan in Canada and ...

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