Ebay To Eliminate 1,000 Jobs, or 9% of Full-Time Workforce

Ebay said Tuesday that it plans to lay off 9% of the company's workforce, equal to about 1,000 full-time jobs, as the tech industry continues to downsize to start 2024. From a report: Jamie Iannone, Ebay's CEO, told employees in a letter published on a corporate blog, that the company will also 'scale back the number of contracts we have within our alternate workforce over the coming months.' Iannone said the job cuts are necessary because Ebay's 'overall headcount and expenses have outpaced the growth of our business. 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 customers around the world. Shortly, we will begin notifying those employees whose roles have been eliminated and entering into a consultation process in areas where required.'

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