eBay to slash about 1,000 roles, or approximately 9% of full-time employees
eBay to slash about 1,000 roles, or approximately 9% of full-time employees


eBay’s headquarters in San Jose, California, U.S.

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eBay stated Tuesday that it plans to lay off 9% of the corporate’s workforce, equating to 1,000 full-time employees

Jamie Iannone, the president and CEO of eBay, detailed the layoffs on Tuesday in a letter to employees that was revealed on a company blog, including that the ecommerce agency may even “reduce the quantity of contracts we have now inside our alternate workforce over the approaching months.”

Iannone defined that the job cuts are vital as a result of eBay’s “total headcount and bills have outpaced the expansion of our enterprise.”

“To deal with this, we’re implementing organizational adjustments that align and consolidate sure groups to enhance the end-to-end expertise, and higher meet the wants of our clients around the globe,” Iannone stated. “Shortly, we are going to start notifying these employees whose roles have been eradicated and coming into right into a session course of in areas the place required.”

eBay shares had been up round 3.7% in after-hours buying and selling on Tuesday to $42.95.

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