More Silly Valley heartbreak

Ebay, where people send the stuff they just bought to be bought by more frugal folks, has anounced layoffs. I guess this is another example of a common trend to hear these days. Ebay will lay off 1,600 workers to reduce expenditures in this uncertain economy. As said before, this is a terrible season for the individuals to be laid of for their own personal reasons. It is also a terrible season for them to be laid off and their fearful former coworkers to hunker down cut back on spending. With the UCSA (United Consumer States of America) economy so heavily dependent on commissions from buying and selling imported stuff to each other, this puts a damper on the 'buy-stuff!' economic recovery efforts.

Ebay's headquarters are in Silicon Valley in the city of San Jose, CA.