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eBay to Cut 1,000 Jobs, Citing Competition and Growth Challenges

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Source: The Guardian
eBay to Cut 1,000 Jobs, Citing Competition and Growth Challenges
Photo: The Guardian
TL;DR

Online retailer eBay is set to lay off about 1,000 workers, approximately 9% of its workforce, as part of organizational changes aimed at aligning and consolidating certain teams to improve customer experience. The decision comes as the company addresses the growth of expenses outpacing business growth, and follows a trend of tech industry layoffs after heavy pandemic hiring. eBay also plans to scale back its "alternative workforce" contracts in the coming months.

Topics:top-newsbusiness#business#ebay#layoffs#online-retail#organizational-changes#workforce
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  1. Online retailer eBay to lay off 1,000 workers, firm says in letter to employees  The Guardian
  2. EBay to eliminate about 1,000 jobs, or 9% of full-time workforce  CNBC
  3. eBay will lay off 1000 employees — 9 percent of the company  The Verge
  4. eBay plans to cut 1,000 jobs because it couldn’t grow enough  TechCrunch
  5. EBay to Cut Staff by 9%, Citing More Competition  The Wall Street Journal

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