Wal-Mart Is Poaching eBay's Employees

Wal-Mart is hiring eBay employees for its new project.

Wal-Mart Stores Inc. was the market leader a few years ago but recently, it has gone through several bad patches, where either it could not perform in the market or the employees were against it due to low wage issues. Regardless of all this, the company manages and survives to keep on working and operating its business.

Now, the company is all set to develop an online platform in the coming times. It is currently focused to work and expand its e-commerce market presence; hence, it is poaching workers from eBay. This will enable it to acquire experienced talent.

Wal-Mart Stores is raiding its archrival and is offering employment to eBay’s workforce so that it develops its open source and cloud platform. A report published in The Wall Street Journal stated that the online retailer, so far, hired more than 65 tech professionals from eBay. It is all set to beef up its cloud, open source software, data analytics, and searching segment in order to take on Amazon Inc. and its expanding cloud computing business.

Furthermore, in the past two years, the company has employed more than 45 executives, who previously worked at eBay. For the time being, not all the employees of online retailer, who are jumping ships and are quite content as Wal-Mart is hiring them, realize about the issues this company is going through because of the major transitions.

eBay has no issues with the departure of its employees, as it already released around 2,400 employees in the beginning of 2015 in order to prepare for the PayPal spinoff. Moreover, it also sold its 28.4% stake in Craiglist Inc.

According to sources, “Aside from this the company is also scouting for attractive acquisition deals. It is quite evident that eBay's objective is to transform itself into a leaner entity once its spin-off from PayPal is finalized. In order to achieve this goal eBay would have to make substantial cost cuts that would likely be facilitated by downsizing a large portion of its workforce.”

The principal at IHL Group, Greg Buzek, told The Wall Street Journal in an interview that all of the employees who are ‘jumping ships’ know what the organization is facing and they are looking forward to join Wal-Mart in the coming times.

Mr. Buzek further stated, “Technological engineers working at eBay are known for their expertise in product innovation referencing the debut of ‘Magic Mirror’ in 2014.”