Online retailer eBay is cutting 1,000 jobs; latest tech company to slash jobs
Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce
LONDON — Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce, saying its number of employees and costs have exceeded how much the business is growing in a slowing economy. It marks the latest layoffs in the tech industry.
CEO Jamie Iannone said in a message to employees on Tuesday that the company also will reduce how many “contracts we have within our alternate workforce over the coming months.”
Those who are being laid off will be told through Zoom calls with their bosses, Iannone said, requesting that people work from home Wednesday to allow privacy for those conversations.
“We need to better organize our teams for speed — allowing us to be more nimble, bring like-work together, and help us make decisions more quickly,” he said in the note, which was posted online.
“These changes are difficult, but I’m confident that by working together we will become stronger than ever,” Iannone added.
San Jose, California-based eBay is the latest tech company to roll out a series of layoffs after quickly ramping up hiring during the COVID-19 pandemic while people spent more time and money online.
Now, companies from Google to Amazon have been making painful job cuts to reduce costs and bolster their bottom lines.
Just this month, Google said it was laying off hundreds of employees working on its hardware, voice assistance and engineering teams, while TikTok said its shedding dozens of workers in ads and sales and video game developer Riot Games, behind the popular “League of Legends” multiplayer battle game, was trimming 11% of its staff.
Meanwhile, Amazon said this month that it is
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