eBay Cuts 1,000 Jobs, 9% of Workforce
TL;DR Summary
Online retailer eBay is laying off 1,000 employees, about 9% of its workforce, due to a business slowdown, with CEO Jamie Iannone citing the need to stay more "nimble" in a "challenging" economy. This move comes as part of a broader trend in the tech industry, with dozens of companies collectively laying off nearly 11,000 workers in the first four weeks of 2024. The layoffs at eBay follow a previous staff cut in February 2023, and the company is also ending its relationship with many outside contractors.
- eBay lays off 1,000 employees, 9% of workforce NPR
- EBay to eliminate about 1,000 jobs, or 9% of full-time workforce CNBC
- eBay will lay off 1000 employees — 9 percent of the company The Verge
- eBay to slash 1,000 jobs, scale back contracts Yahoo Finance
- eBay is laying off 1,000 employees, about 9% of its staff CNN
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