EBay to cut about 1,000 jobs, or 9% of its workforce, as it looks to become more ‘nimble'
EBAYeBay(EBAY) Market Watch·2024-01-24 08:50

EBay Inc. said late Tuesday it will cut about 1,000 jobs, or 9% of its full-time workforce, in order to better position the company for future sustainable growth. “Our overall headcount and expenses have outpaced the growth of our business,” Chief Executive Jamie Iannone said in a letter to employees that eBay posted on its website. “To address this, we’re implementing organizational changes that align and consolidate certain teams to improve the end-to-end experience, and better meet the needs of our cu ...